Sale Price $1,100,000 - MLS: 202505569
Fully Leased Investment Property! Don’t miss this rare opportunity to own a fully leased commercial building with strong rental income. The property features three updated 2-bedroom, 1-bath apartments—two renting for $950/month and one for $975/month—all with in-unit washers and dryers and modern finishes.(lease through 7-2026) Below the apartments is a main-level office space generating $5,200/month on a gross lease, providing consistent, reliable income (leased through 2028). This well-maintained building offers a turnkey investment with attractive rental rates and minimal vacancy history. With updated units, strong tenants, and a prime location, this property is a fantastic addition to any investor’s portfolio.
MLS #: 202505569
Sale Price: $1,100,000
Year Built: 1995
Sq Ft: 6462.0
Business: Office Building, Other
Construction: Frame
Floor Type: Concrete Slab Grade, Carpet, Other
Financing:
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Acreage: 0.43
Lot: irregular
Frontage: County Road
Energy Generation:
Heat/Cooling: Natural Gas, Forced Air, Central Air
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Urban Acres Real Estate Corridor - Agent: Chris Boddicker - Information furnished by Iowa City Area Association of Realtors