$1,875,000
17.0 Units
MLS: 202507216
Two well-maintained brick buildings on 0.40 acres of land located directly across from the VA Hospital and just a short walk to the UI Dental College and UIHC. This prime campus-area location offers dependable rental demand and exceptional long-term redevelopment potential. Building 1 has 9 studio units with approx 500 SF. Building 2 has 8 charming 2 BR / 1 BA apartments, each approx 800 SF. Both buildings have laundry rooms on site. Plenty of off-street parking including garages. Ideal as a stable income property with the added benefit of future high-end condo redevelopment in an irreplaceable Iowa City location close to hospitals, academics, transit & campus services. Please allow 48 hours' notice for tenants.
MLS #: 202507216
Price: $1,875,000
Year Built: 1958
Income/Yr: $186,600.00
Expense/Yr: $0.00
Parking: Attached Garage, Off Street
Basement: See Remarks
Total Sq Ft: 12168
Electric Expense: $12,900.00
Gas Annually: $0.00
Maint Expense: $6,828.00
Insurance Expense: $12,695.00
Gross Tax: $23,514.00
Units: 17.0
Laundry: Laundry Room
Energy Generation:
Heat/Cooling: Electric, Natural Gas, Forced Air, Other
Elementary: Lincoln
Middle: Southeast
High: City
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Lepic-Kroeger, REALTORS - Agent: Jeff Edberg - Information furnished by Iowa City Area Association of Realtors