716 Randolph is a 12 unit building that are all 1 bedroom apartments. Current rent roll is at $5450. Latest Leases have been signed at $475 and have made water/sewer the responsibility of the tenants under a RUBS program. Rent Roll potential of $5700/month. With RUBS implemented on all units, expenses would be about $2,000 per month, putting NOI at $3700/month. Most of the units have been renovated, the ones that have not been renovated have long term residents. Listing agent is part owner of the property.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
—
Lot size
—
Year renovated
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Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Black Hawk County
APN
891326406023
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jun 8, 2023.
C-2
Commercial District
The C-2 District is intended to provide for areas of the community which are developed or will be soon as moderate intensity commercial area. These areas are often associated with the major traffic arteries and highways located within the community. Any outside storage of materials or equipment shall be limited and clearly incidental and accessory to the Principal Permitted Use, and shall not include the outside storage of junk or salvage material or similar debris. Outside storage of materials or equipment shall not be permitted in a front yard. This provision shall not restrict the outside storage of nursery, landscaping and garden material, and licensed and operable vehicles, or unlicensed operable vehicles for sale, that are accessory and clearly incidental to the Principal Permitted Use. This provision shall not restrict other outside display areas when such display areas display items that can be legally sold by a commercial business on the property and when the display area does not exceed an area equal to the area occupied by the buildings on a property.
Permitted uses
Include but are not limited to:
Gas station
Convenience store
General retail
Retail-Grocery
Restaurant
Housing-Single unit
Housing-Multiple units
Housing-Senior
Hotel / motel
Office
Property details
Parking
Parking/Garage Information
Parking Features: On Street, None
Interior
Heating & Cooling
Has Cooling
Cooling: Window Unit(s)
Has Heating
Heating: Natural Gas, Forced Air
Room Information
Laundry Features: Washer Hookup
Basement Details: None
Exterior
Exterior Features
Roof: Asphalt
Building Information
Above Grade Finished Area: 1,804
Construction Materials: Aluminum Siding
Property Information
Property Type: Residential Income
Raw Mls Property Sub Type: Multi-Family 5+
Lot Information
Lot Features: Corner Lot
Lot Size Dimensions: 140 x 100
Lot Size Acres: 0.323
Zoning Description: R-2
Financial
Tax Information
Tax Annual Amount: $6,144
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School: Lowell Elementary
Middle Or Junior School: Bunger
High School: West High
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Black Hawk County
APN: 891326406023
Home facts updated by county records on Jun 7, 2023