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 Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 8,064
County: Johnson
High School: West
Listed By:
LEPIC-KROEGER, REALTORS
Matthew Lepic
319-351-8811
Cedar Rapids MLS
MLS ID: 2606757
Shown By
Agent Name: Erin Erickson
Agent Phone: (309) 798-0984
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Erin Erickson
Agent Phone: (309) 798-0984
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
732,736,740 Michael St , Iowa City, IA 52246.
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563-441-1862
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| Loan Type | FHA 30 Year Fixed | 30 yr Jumbo |
| Purchase Price | $3,750,000 | $3,750,000 |
| Down Payment | $131,250 | $750,000 |
| Monthly Mortgage Amount | $23,882 | $19,959 |
| Taxes | $5219 | $5219 |
| Insurance | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 |
| Monthly Mortage Insurance | $2,251 | $0 |
| Monthly Estimated Total | $32,446 | $26,272 |