Residential For Sale
- OLIVE CT, Iowa City, Iowa 52246
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Description

What an opportunity across from Kinnick Stadium! This property has one single family home of 1,769 sq ft w/4BR-3BA w/ attached garage+full basement. TEN add’l separate apartments. Three tenants have lived there for 10 yrs, 30 yrs & 50 yrs respectively! Average of three year tenancy for the other seven units. GREAT ADDITIONAL INCOME POTENTIAL with game day car parking and/or RV parking w/estimated income of over $22K! Apartments offer impressive opportunity to function as traveling nurse units or Air BnB. All units are rented for Fall 2025 with a rental income of $152,100. Laundry room connects the house to apartments. This property has been in the same family’s portfolio since the 60’s and is self managed. It is well cared for by the owners with updates in the home and most apartments in recent years. A real gem with outstanding opportunities!

Property Description

What an opportunity across from Kinnick Stadium! This property has one single family home of 1,769 sq ft w/4BR-3BA w/ attached garage+full basement. TEN add’l separate apartments. Three tenants have lived there for 10 yrs, 30 yrs & 50 yrs respectively! Average of three year tenancy for the other seven units. GREAT ADDITIONAL INCOME POTENTIAL with game day car parking and/or RV parking w/estimated income of over $22K! Apartments offer impressive opportunity to function as traveling nurse units or Air BnB. All units are rented for Fall 2025 with a rental income of $152,100. Laundry room connects the house to apartments. This property has been in the same family’s portfolio since the 60’s and is self managed. It is well cared for by the owners with updates in the home and most apartments in recent years. A real gem with outstanding opportunities!

Basic Details
Property Type:
Residential
Listing Type:
For Sale
Listing ID:
202500521
Price:
$2,250,000
Beds:
0
Total Full Baths:
1
Baths:
0
Half Bathrooms:
0
Construction Year:
1960
Country:
US
State:
IA
County:
Johnson
City:
Iowa City
Zipcode:
52246
Status Category:
Active
Subdivision:
Lytham Condos
Features
Heating:
Natural Gas, Forced Air
Cooling System:
Central Air
Parking:
On Street, Attached Garage, Off Street, Drive Under
Basement:
Full, Unfinished, Block
Construction:
Frame, Vinyl
Interior:
Cable Available, Primary On Main Level, Country Kitchen
Address Map
Street:
OLIVE CT
Street Number:
80
Floor Number:
0
Longitude:
W92° 26' 49.4''
Latitude:
N41° 39' 18''
More Information
Office Name:
Lepic-Kroeger, REALTORS
Elementary School:
Horn
Jr./Middle School:
Northwest
High School:
West
Directions:
From Melrose Ave near Kinnick take Olive Ct to the left. Property is on left
Zoning:
Multi Fam
Lot Dimensions:
200x70
LA1Agent Logon Name:
I891
LA1Agent First Name:
Le Ann
LA1Agent Last Name:
Dunne
LO1Main Office ID:
ILKR
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Le Ann Dunne
Lepic-Kroeger, REALTORS
Additional Details
Central Air
Full, Unfinished, Block
Frame, Vinyl
Cable Available, Primary On Main Level, Country Kitchen
01/16/2025
From Melrose Ave near Kinnick take Olive Ct to the left. Property is on left
200x70
Urban Acres Real Estate