Active

732,736,740 Michael St.

Iowa City IA, 52246

$4,000,000


$496.03 per sqft

Active

2 Baths

8,064 sqft

Multi-family

Built in 1971

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.

202405818

MLS ID

October 15, 2024

Listed

November 22, 2024

Updated

Map

732,736,740 Michael St.
Iowa City IA, 52246

Interior Features

Total Bathrooms

2


Appliances

RangeOrOven, Refrigerator


Fireplace

No


Cooling

Yes


Cooling Description

Window Units


Heating

Yes


Heating Description

Baseboard, Steam

Exterior/Building Features

School Information

High School

West


Elementary School

Horn

Other Property Details

Taxes

$49,362


Tax Frequency

Annually


Association Fee Frequency

Yearly


Garage

No


Parking

Off Street


Parking Total

4


View

No


County

Johnson


Pool

No


Zoning

COMM

 

Courtesy of Lepic-Kroeger, REALTORS, ,
Listing Contact: 319-321-7199 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Jill Armstrong Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Iowa City Area Association of REALTORS (ICAAR). All rights reserved.

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