$1,295,000
12.0 Units
MLS: 202503475
This income-producing 12-unit apartment building offers a compelling opportunity for investors seeking stable cash flow and long-term value in the Iowa City market. Located on Aber Avenue, just minutes from shopping, dining, bus lines and interstate access, this property features updated interiors and an excellent track record of full occupancy. This property offers immediate cash flow and room for future upside. The location, straightforward mechanical systems, and tenant-paid utilities make it a practical and appealing option for both first-time multifamily buyers and experienced investors looking to add a stable asset to their portfolio.
MLS #: 202503475
Price: $1,295,000
Year Built: 1983
Income/Yr: $141,600.00
Expense/Yr: $0.00
Parking: Off Street
Basement: Concrete, Full, Daylight
Total Sq Ft: 9879
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $16,500.00
Insurance Expense: $4,872.00
Gross Tax: $15,878.00
Units: 12.0
Laundry:
Energy Generation:
Heat/Cooling: Baseboard, Window Units
Elementary: Horn
Middle: Northwest
High: West
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Westwinds Real Estate Services, Inc. - Agent: Teague Case - Information furnished by Iowa City Area Association of Realtors