$2,400,000
32.0 Units
MLS: 202500945
Colonial Terrace: Well-located on West Benton Street, this 32 unit residential rental property is fully leased thru July 2025. There is a mixture of 1, 2 and 3 bedroom units with average monthly rent of $820 per unit. Convenient parking with easy access and within walking distance to the to the University of Iowa campus. Excellent rental history.
MLS #: 202500945
Price: $2,400,000
Year Built: 1961
Income/Yr: $314,940.00
Expense/Yr: $0.00
Parking: Off Street
Basement: See Remarks
Total Sq Ft: 0
Electric Expense: $24,694.00
Gas Annually: $0.00
Maint Expense: $40,447.00
Insurance Expense: $17,568.00
Gross Tax: $41,421.00
Units: 32.0
Laundry: Other
Energy Generation:
Heat/Cooling: Baseboard, Common, Steam, Central Air
Elementary: Horn
Middle: Northwest
High: West
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Blank & McCune Real Estate - Agent: Teresa Morrow - Information furnished by Iowa City Area Association of Realtors