304 2nd St Coralville, IA
$ 3,600,000
Property Attributes
  • MLS#202101436
  • TypeMulti-Family
  • CountyJOHNSON
  • CityCoralville
  • AreaCoralville
  • Zip52241
  • StyleApartments (5+ Units)
  • Year Built1995
  • Taxes$ 66982
  • Price$ 3,600,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
Listing Provided Courtesy Of:
Lepic-Kroeger, REALTORS
Data Source:
Iowa City Area Association Of Realtors (ICAAR) - 549 - IA
Property Description

22 Apartments and 5 leased commercial suites at 302/304/310/302.5/301 2nd Street. Apartments are 8-efficiency apartments, 8-one bedrooms, and 9 two bedrooms. The total income is $350,347, expenses are $141,374 and the NOI is $208,882 yielding a 5.8% CAP rate at current rents. A-1 Uniform, Quality Care, Eyebrow Threading, Taxes Plus and Earthview Environmental are the commercial tenants. Covered parking is available in the rear as is access to 1st Street for easy in and out.

Elementary School Middle School High School
Central Elementary School Northwest Middle School West High School
Price History
3/10/2021 Listed $3,600,000

General Features

Agent First Name Jeff
Agent Last Name Edberg
Amenities Sidewalks, Street Lights
Bank Owned NO
Basement None
City Coralville
Construction Brick, Brick Frame
Cooling Central
County Johnson
DOM 144
Directions West on 2nd St from 1st Ave / 2nd St intersection property is on the South side just before the bridge.
Elementary School Central
Expenses 141364
Fee Includes Other
Grossincome 350347
Heating Gas, Forced Air
High School West
Laundry Y/N Coin Laundry
Listing Area Coralville
Middle School Northwest
New Construction No
Parking Assigned Space
Postal Code 52241
Primary City Coralville
Property Type MULTI-FAMILY
Sale/lease For Sale
Showing Instructions See Remarks
Status Active
Status Active
Street Name 2nd St
Subdivision IA
Type Multi-Family
Utilities Cable in Rent, Electric in Rent, Gas in Rent, Water in Rent
Year Built 1995
Zoning C2

Interior Features

Elevators No
Internet Yes
Sqft Lower 60750
Subdivision none
Total Number of Units 22
Unit1 Living Room Yes
Unit2 Monthly Rent 710
Unit4 Monthly Rent 735

Exterior Features

Photo Count 50
Lot Dimensions Irregular
Water/Sewer City Water


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 52241

AVG $1.11M
AVG $20,250
Year Built
AVG 1984
AVG 62
Data Provided by Walkscore ® not using MLS data

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