bedrooms
0
bathrooms
0
square feet
22,146
Acreage
-
Open Houses
-
year built
1979
Full Baths
0
Half Baths
0
Discover a hidden gem in the City of Mt. Vernon, Iowa. This 24-unit complex has been updated as needed, featuring 22 two-bedroom, one-bath units and two one-bedroom 1 bath units. The two-bedroom units average 900 square feet, while the one-bedroom units are around 700 square feet. There are also 12 detached garages, all of which are currently rented. This property presents a great value-add opportunity, as we have consistently demonstrated annual rent increases. With a low turnover rate among tenants, rent increases have been steady, albeit slow. There is still potential for further improvements and continued rental growth.
Location | |
Subdivision | Bowman 3rd |
County | Linn |
Elementary School | MtVernon |
Middle School | MtVernon |
High School | MtVernon |
Open houses
None scheduled.
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 202500847
Listing agent:
Matthew Lepic
Listing broker:
Lepic-Kroeger, Realtors
(319) 351-8811
Copyright © 2025 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Monday, February 3 2025 at 10:40 a.m. EST
Kotohomes National