$3,850,000
42.0 Units
MLS: 202502357
42 multifamily units are available, comprising 3 buildings with 14 units each. There are 36 one-bedroom, one-bath units and 6 studio units. The roofs were replaced in 2018, and various improvements have been made to the units, including new carpet, updated kitchens, and new tubs in many of the units. The property is conveniently located near UIHC and the West University of Iowa campus, within walking distance of Kinnick Stadium. Rents have steadily increased. Tenants are transitioning to RUBS for utility payments as they move into their new lease terms.
MLS #: 202502357
Price: $3,850,000
Year Built: 1971
Income/Yr: $396,601.00
Expense/Yr: $0.00
Parking: Off Street
Basement: Slab
Total Sq Ft: 8064
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $0.00
Insurance Expense: $0.00
Gross Tax: $49,362.00
Units: 42.0
Laundry:
Energy Generation:
Heat/Cooling: Baseboard, Steam, Window Units
Elementary: Horn
Middle: Northwest
High: West
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Lepic-Kroeger, REALTORS - Agent: Matthew Lepic - Information furnished by Iowa City Area Association of Realtors