$975,000
9.0 Units
MLS: 202501907
Well maintained fully leased 9 unit apartment complex for sale. Currently fully leased through end of July 2026 school year with rent increases. This is a prime location Downtown Iowa City on the University of Iowa Campus. Walkable to class for Tenants. on bus routes, onsite laundry, and Tenants pay all utilities. Each apartment is a separate unit with separate kitchen and bathroom in each unit. Mix of Studio, One Bedroom & Two Bedroom Apartments. Many updates throughout the building have been made. One owner is an Iowa Broker
MLS #: 202501907
Price: $975,000
Year Built: 1900
Income/Yr: $102,120.00
Expense/Yr: $0.00
Parking: Off Street
Basement: Full, Walk Out Access
Total Sq Ft: 4158
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $0.00
Insurance Expense: $0.00
Gross Tax: $11,776.00
Units: 9.0
Laundry: Laundry Room, In Basement
Energy Generation:
Heat/Cooling: Electric, Window Units
Elementary: Longfellow
Middle: Southeast
High: City
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Barkalow & Associates, Realtors - Agent: Tracy Barkalow - Information furnished by Iowa City Area Association of Realtors