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.

Features
: Common Area
Address Map
IA
Johnson
Iowa City
52246
Michael
732,736,740
Street
E0° 0' 36''
N0° 0' 36''
Benton Street to Michael Street
Iowa City/Coralville
RES
Neighborhood
Horn
West
Northwest
MLS Addon
LEPIC-KROEGER, REALTORS
Matthew Lepic
$0
$0
$0
$0
$0
Additional Information
: Frame
IRR
42
2024-10-15
https://player.vimeo.com/video/1018925756
Financial
49362.0
Listing Information
lepicmatthew121
CLKCR
Active
2024-10-15T19:10:24Z
CDR
2024-10-15T14:08:54Z

732,736,740 Michael Street - Residential For Sale

732,736,740 Michael Street

16,128
$4,000,000
Listing ID #2407186
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2407186
Price : $4,000,000
Square Footage : 16,128
Year Built : 1971
Lot Area : 1.05 Acre
Status : Active
Property Sub Type : Multi Family
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent