$8,800,000
60.0 Units
MLS: 202504006
60 Multifamily units for sale with 2 - 2,500sqft commercial space and 36 paid underground parking spaces in the heart of Downtown Iowa City. There are 2 towers that have 30 units each in total there are 54 - 2 bedroom, 1bath units - And 6 - 1 bedroom, 1 bath units. This unique property has 6 different floor plans. Top floor units have vaulted ceilings with some units that have a spiral staircase that leads to a bedroom/loft area. New Roof in 2021. Many units have updated LVP flooring and appliances. Onsite Laundry rooms - the 3rd floor has 2 laundry rooms and the 2nd and 1st have 1 laundry room. 24 hour notice to show - Contact agent Property being sold as is Contact agent for Rent Roll and P&L for more details
MLS #: 202504006
Price: $8,800,000
Year Built: 1993
Income/Yr: $633,295.00
Expense/Yr: $0.00
Parking: Drive Under
Basement: See Remarks
Total Sq Ft: 17280
Electric Expense: $19,140.00
Gas Annually: $0.00
Maint Expense: $22,485.00
Insurance Expense: $49,236.00
Gross Tax: $138,542.00
Units: 60.0
Laundry: Laundry Room
Energy Generation:
Heat/Cooling: Baseboard
Elementary: Longfellow
Middle: Southeast
High: City
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Urban Acres Real Estate - Agent: Mitch Price - Information furnished by Iowa City Area Association of Realtors