Two-Bedroom Condo with Detached
530 Iris Ave Tiffin, IA 52340
530 Iris Ave, Tiffin, IA, 52340
$150,000
For Sale
$150,000
Two-bedroom, one-bath condo with main-level living, gas fireplace, and detached one-car garage, sold with key kitchen appliances.
Property Size986 SF
Price / SF$152.13
Days on Market119
Property Features for 530 Iris Ave
General Information
- Standard status
- Active
- Size
- 986 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1997
Listing Agency
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed by
Monica Hayes
Source
Xome
Added: Mar 25 Updated: Jul 20 at 6:44 pm Checked: Jul 20 at 6:44 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lepic-Kroeger, REALTORS
Investment Insights
Based on property information with market context.
This 2-bedroom, 1-bath condo offers 986 square feet of functional main-level living. The living room features a gas fireplace, and the kitchen and dining area include a breakfast bar. Included appliances are a dishwasher, microwave, range/oven, and refrigerator.
The unit is located in the community of Tiffin and is described as conveniently near schools, dining, and major highways.
Additional included feature is a detached one-car garage, supporting day-to-day storage and parking needs.
The unit is located in the community of Tiffin and is described as conveniently near schools, dining, and major highways.
Additional included feature is a detached one-car garage, supporting day-to-day storage and parking needs.
Key Highlights
- 2‑bedroom, 1‑bath condo with 986 SF of main‑level living
- Living room includes a gas fireplace
- Kitchen and dining area feature a breakfast bar and include appliances: dishwasher, microwave, range/oven, and refrigerator
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.0k | $16.20 |
| − Vacancy | −$639 | −$0.65 |
| EGI | $15.3k | $15.55 |
| − OpEx | −$6.9k | −$7.00 |
| NOI | $8.4k | $8.55 |
986 SF · lease $16.20/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$120.5K
$105.4K – $140.6K
NOI $8,434 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$214.2K
$187.4K – $249.9K
NOI $14,994 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
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FAQs
What type of property is this?
Residential income property - Two-bedroom, one-bath condo with main-level living, gas fireplace, and detached one-car garage, sold with key kitchen appliances.
Where is this residential income property located?
The property is located at 530 Iris Ave Tiffin, IA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath condo with 986 SF of main‑level living; Living room includes a gas fireplace; Kitchen and dining area feature a breakfast bar and include appliances: dishwasher, microwave, range/oven, and refrigerator
