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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
22,146
acreage
Acreage
-
open houses
Open Houses
-
year built
year built
1979
full baths
Full Baths
0
half baths
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 Open houses
None scheduled.
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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.   [source]
Last update: Monday, February 3 2025 at 10:40 a.m. EST
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