$510,000
- 6 Beds
- 5 Baths
- 3,020 Sq Ft
803 E College St, Iowa City, IA 52240
Four 1 bed 1 bath units in main house plus a carriage house with 2 beds and 1 bath. Total rents are $4750 for the 24-25 rental term, increasing to $4955 for the 25-26 term. Annual income is $57,000, expenses are 32% at $18405 and NOI is $38595 giving a 7.6% CAP rate. Great location, just one block from College Green Park.
Jeff Edberg Lepic-Kroeger, REALTORS
