Address
1100 Arthur St Iowa City, IA
Price
$ 6,500,000
Property Attributes
  • MLS#202102517
  • TypeMulti-Family
  • CountyJOHNSON
  • CityIowa City
  • AreaIowa City
  • Zip52240
  • Style2 Stories
  • Year Built1962
  • Taxes$ 104447
  • Price$ 6,500,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2484
Listing Provided Courtesy Of:
Lepic-Kroeger, REALTORS
Data Source:
Iowa City Area Association Of Realtors (ICAAR) - 549 - IA
Property Description

100 unit cooperative project with all units leased out. 66 are one bedroom with 575 SF and 34 are two bedroom with 800 SF. The building is a quadrangle style with grassy area in the middle. Annual income is $750,000, expenses are 42% at $317,513 and NOI is $431,647 giving a 6.6% CAP Rate. There are separate laundry rooms for extra income and two basement areas with storage units for the tenants. The parcel is 3.765 acres and has approximately 100 parking spaces and bus service nearby. Close to banking, shopping, schools and parks.

Elementary School Middle School High School
Lucas Elementary School Southeast Middle School City High School
Price History
4/26/2021 Listed $6,500,000

General Features

Agent First Name Jeff
Agent Last Name Edberg
Amenities None
Associated Document Count 6
Bank Owned NO
Basement None
City Iowa City
Construction Brick Frame
Cooling Window/Wall Units
County Johnson
DOM 90
Directions From Hwy 6 go N onto S 1st Ave then a right going E onto Muscatine Ave. Take a right and go S onto Arthur St and it will be on the left hand side.
Elementary School Lucas
Expenses 317513
Fee Includes Other
Grossincome 749160
Heating Gas, Forced Air
High School City
Laundry Y/N Coin Laundry
Listing Area Iowa City
Middle School Southeast
New Construction No
Parking Assigned Space, Off Street
Postal Code 52240
Primary City Iowa City
Property Type MULTI-FAMILY
Sale/lease For Sale
Showing Instructions ShowingTime
Status Active
Status Active
Street Name Arthur St
Subdivision IA
Type Multi-Family
Utilities Other- See Remarks
Year Built 1962
Zoning RM20

Interior Features

Elevators No
Internet Yes
Sqft Lower 2484
Subdivision NA
Total Number of Units 100
Unit1 Living Room Yes
Unit2 Monthly Rent 634
Unit4 Monthly Rent 634

Exterior Features

Photo Count 23
Lot Dimensions Irregular
Water/Sewer City Water

Amenities

  • 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 52240

Price
AVG $1.09M
$6.5M
Taxes
AVG $19,707
$104,447
Visits
AVG 18
39
Year Built
AVG 1947
1962
Walkscore
AVG 55
72
Data Provided by Walkscore ® not using MLS data

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