Properties

PROPERTY DETAILS
Property Description :

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.

Property Type : Residential
Listing ID : 2407186
Listing Type : For Sale
Price : $4,000,000
Year Built : 1971
Lot Area : 1.05 Acre
Building Area Total : 16128
Lease Amount Unit : Dollars Per Square Foot
Property Type : Multi Family
Area : Iowa City/Coralville
Listing Status : Active
Property Sub Type : Multi Family
Property Subtype : Multi Family
Property Description

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.

Features
: Common Area
Address Map
US
IA
Johnson
Iowa City
52246
Michael
732,736,740
Street
Benton Street to Michael Street
Iowa City/Coralville
RES
Neighborhood
Horn
West
Northwest
More Information
LEPIC-KROEGER, REALTORS
Matthew Lepic
$0
$0
$0
Additional Information
: Frame
IRR
42
2024-10-15
https://player.vimeo.com/video/1018925756
Financial
49362.0
Listing Information
lepicmatthew121
CLKCR
Active
2024-10-15T19:10:24Z
CDR
2024-10-15T14:08:54Z

732,736,740 Michael Street

732,736,740 Michael Street

  • Lot Area: 1.05 Acre
List Price: $4,000,000.00
Listing ID#2407186
QR Code

Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

Get More Information

Agent info

Get More Information

Contact Agent