Estimated payment $57,401/month
60 Multifamily units for sale with 2 - 2,500sqft commercial space and 36 paid underground parking spaces in the heart of Downtown Iowa City. There are 2 towers that have 30 units each in total there are 54 - 2 bedroom, 1bath units - And 6 - 1 bedroom, 1 bath units. This unique property has 6 different floor plans. Top floor units have vaulted ceilings with some units that have a spiral staircase that leads to a bedroom/loft area. New Roof in 2021. Many units have updated LVP flooring and appliances. Onsite Laundry rooms - the 3rd floor has 2 laundry rooms and the 2nd and 1st have 1 laundry room. 24 hour notice to show - Contact agent Property being sold as is Contact agent for Rent Roll and P&L for more details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | For Sale | $8,800,000 | -- | $509 / Sq Ft |
$6,750,000
NEW PRICE! This is a 100-unit cooperative project with all units leased out. 66 are one bedroom with 575 SF & 34 are two bedroom with 800 SF. The building is a quadrangle style with grassy area in the middle. There are separate laundry rooms for extra income & two basement areas with storage units for the tenants. The parcel is 3.765 acres & has approximately 100 parking spaces & bus service
Jeff Edberg Lepic-Kroeger, REALTORS
Source: Iowa City Area Association of REALTORS®
MLS Number: 202504006
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