2822 University Ave, Waterloo, IA 50702

2822 University Ave, Waterloo, IA 50702
MLS ID #:
20172741

Property Address:
2822 University Ave
Waterloo, IA 50702

County:
Black Hawk

Region:
Waterloo South 11

Area:
Waterloo

Year Built:
1969

Property Type:
Commercial

Sub-Type:
Retail

Date Listed:
May 17th, 2017

Status:
Active

Price:
$365,000.00

Gross Taxes:
14883.00

Tax Year:
2015

Gross Op Income:
$54,000.00 Actual

Net Op Income:
$40,770.00 Actual

Gross Op Expense:
$13,230.00 Projected

Sale/Rent:
For Sale

Sale/Lease Type:
Normal Sale

For Sale:
Yes

Ivestment:
Yes

Zoning:
C-2

Tiered Sliding:
Yes

Legal Desc:
As per abstract.

Total Building Sq Ft:
3,882 sq ft

Lot Sq Footage:
39,335

Acres:
0.9030

Remarks: Investment Opportunity with projected 11.17% cap rate. New 5 year lease signed with Las Margaritas Mexican Restaurant along University Ave in Waterloo. Gross rent of $4,500/Month. Price includes building and equipment.
Realtor/Equal Housing Lender Listing provided courtesy of Sulentic-Fischels Commercial Group.
Listing Agent: Matt Miehe, CCIM
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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