255 Iowa Ave, Iowa City

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$4,200,000
24.0 Units
MLS: 202500213

Sited on one of Iowa City's most iconic downtown streets, Vogel House, offers 24 fully leased rental units (20 studios and 4 loft penthouses). This property, architecturally designed by Neumann Monson Architects, is a rare opportunity to invest in a high-visibility asset with enduring value. Located in the heart of downtown Iowa City, directly across from public parking and within walking distance to the University of Iowa's main campus, Vogel House is ideally positioned for strong tenant demand. The four loft penthouses each have private balconies, enhancing the appeal of these rentals to prospective tenants. This complex offers elevator access, on-site common laundry, and a proven history of excellent rental performance.

      
Directions: NW quadrant of Iowa Ave. and Linn Street

Property Details

MLS #: 202500213
Price: $4,200,000
Year Built: 2002
Income/Yr: $0.00
Expense/Yr: $0.00
Parking: None
Basement: See Remarks
Total Sq Ft: 14890
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $0.00
Insurance Expense: $0.00
Gross Tax: $82,370.00
Units: 24.0
Laundry: Laundry Room
Energy Generation:
Heat/Cooling: Electric, Forced Air, Ductless
Elementary: Longfellow
Middle: Southeast
High: City

Information deemed reliable but not guaranteed


Who To Contact

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Edge Realty Group

319-351-3355
 
info@edge-realtygroup.com


 Listing Office: Blank & McCune Real Estate - Agent: Teresa Morrow - Information furnished by Iowa City Area Association of Realtors