Presented by: LEPIC-KROEGER, REALTORS
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.
Interior Features
Bathrooms
Total Baths0
Other Interior Features
Laundry FeaturesCommon Area
General
CityIowa City
Construction MaterialsFrame
CountyJohnson
DirectionsBenton Street to Michael Street
Elementary SchoolHorn
Gross Income396601
High SchoolWest
Legal DescriptionPer Abstract
Lot Size UnitsAcres
MLS AreaIowa City/Coralville
Middle/Junior High SchoolNorthwest
ModificationTimestamp2026-03-13T18:04:31.980-00:00
Net Operating Income216340
Number Of Units Total42
Operating Expense180261
PossessionNegotiable
PostalCityIowa City
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeResidential
Standard StatusActive
StatusActive
Tax Annual Amount$49,362
Virtual TourClick here
Year Built1971
ZoningRES
Zoning DescriptionRES
Exterior
Lot DimensionsIRR
Lot Size Acres1.05
Lot Size Area1 sqft
Additional Details
Price History
Schools
Elementary School
Horn Elementary School
Middle School
Northwest Middle School
