709 & 711 Meadow Lane Ct. SE, MtVernon, IA 52314
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THB ฿54,931,009
USD $1,620,000
Published on: 04 Feb 2025
Last updated on: 08 Feb 2025
Property ID: 110097158770
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Multilevel, Multi Family - MtVernon, IA
709 & 711 Meadow Lane Ct. SE, MtVernon, IA 52314
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.
Property Details
Basic Info
Outdoor Feature
Basic Info
Property Type
Other
Listing Status
Active
Building Size
2,057.43 m2
Year Built
1971
Architecture Style
Other
County
Linn
Parcel ID
17104-54005- & 17104-54004
Provider
Iowa City Area Association of REALTORS®
Subdivision
Bowman 3rd
Brokerage Office Name
Lepic-Kroeger, REALTORS
Brokerage Office Phone
(319) 351-8811
Neighbourhoods
Bowman 3rd
Address
709 & 711 Meadow Lane Ct. SE, MtVernon, IA 52314
Nearby Schools
| Type | School name | District name |
|---|---|---|
| High | MtVernon | Not available |
| Elementary | MtVernon | Not available |
| Middle | MtVernon | Not available |
| Juniorhigh | MtVernon | Not available |
Contact Agent
Matthew Lepic
Contact Agent
Contact Agent
Email enquiry to Lepic-Kroeger, REALTORS
Matthew Lepic
2346 MORMON TREK BLVD, IOWA CITY, IA 52246
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Property ID: 110097158770
Data provided by Iowa City Area Association of REALTORS®, MLS #: 202500847
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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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