Properties

PROPERTY DETAILS
Property Description :

What an opportunity! Eight unit building that are condos – property tax savings and ability to sell individually! Built by owner in 1993 and managed by same. No sprinkler system and no fireplaces. Building has SIX total garages of varying sizes. Two would fit three cars. Many recent updates include: nearly all lights replaced in unit and halls with LED. All flooring in units have been replaced w/mostly tile and LVP. Units regularly painted. Stainless steel appliances added. Cabinet hardware replaced with brushed nickel. Decks repaired/stained, exterior doors replaced, HVAC serviced, all hall carpets cleaned, all deadbolts, lever passages, etc replaced with Schlage products and parking lot striped in 2023. All garage doors serviced in recent years. Roof replaced in 2010 and attic insulation added in 2022. Self-managed and easy to manage. Rental permit thru 1 OCT 2025 and all units rented thru July 2025.

Property Type : Residential
Listing ID : 2500582
Listing Type : For Sale
Price : $1,250,000
Year Built : 1993
Building Area Total : 7440
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

What an opportunity! Eight unit building that are condos – property tax savings and ability to sell individually! Built by owner in 1993 and managed by same. No sprinkler system and no fireplaces. Building has SIX total garages of varying sizes. Two would fit three cars. Many recent updates include: nearly all lights replaced in unit and halls with LED. All flooring in units have been replaced w/mostly tile and LVP. Units regularly painted. Stainless steel appliances added. Cabinet hardware replaced with brushed nickel. Decks repaired/stained, exterior doors replaced, HVAC serviced, all hall carpets cleaned, all deadbolts, lever passages, etc replaced with Schlage products and parking lot striped in 2023. All garage doors serviced in recent years. Roof replaced in 2010 and attic insulation added in 2022. Self-managed and easy to manage. Rental permit thru 1 OCT 2025 and all units rented thru July 2025.

Features
: Public Sewer
Address Map
US
IA
Johnson
Iowa City
52245
Cayman
350
Street
Take Court St east from 1st Ave. to Cayman St. Turn left on to Cayman St. Park in back of building. Turn is before Scott Blvd.
Iowa City/Coralville
Neighborhood
Lemme
City
Southeast
More Information
LEPIC-KROEGER, REALTORS
Ryan Bandy
$0
$0
$0
Additional Information
: Frame
8
2025-01-16
https://www.propertypanorama.com/instaview/cdr/2500582
: Public
Financial
2390.0
Listing Information
BANDYRYAN121
CLKCR
Cash, Conventional
Active
2025-01-24T21:00:40Z
CDR
2025-01-24T13:35:51Z

350 Cayman Street, Iowa City, Iowa 52245

350 Cayman Street, Iowa City, Iowa 52245

List Price: $1,250,000.00
Listing ID#2500582
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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

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