Active
1100 Arthur St
Iowa City IA, 52240
$7,350,000
$2,958.94 per sqft
Active
1 Bath
2,484 sqft
Multi-family
Built in 1962
This is a 100-unit cooperative project with all units leased out. 66 are one bedroom with 575 SF and 34 are two bedroom with 800 SF. The building is a quadrangle style with grassy area in the middle. Annual income is $966,180, expenses are 50% at $483,083 and NOI is $483,097 giving a 6.6% CAP Rate. There are separate laundry rooms for extra income and two basement areas with storage units for the tenants. The parcel is 3.765 acres and has approximately 100 parking spaces and bus service nearby. Close to banking, shopping, schools and parks. It is also directly across Arthur street from the new Johnson County Neighborhood Center, a daycare and community center that will offer classrooms, computer lab, bikes for loan, playground and a center for community activities. Also, as a cooperative property, each unit could be sold individually.
202406039
MLSⓇ ID
October 25, 2024
Listed
November 22, 2024
Updated
Map
1100 Arthur St
Iowa City IA, 52240
Interior Features
Total Bathrooms
1
Appliances
Dishwasher, RangeOrOven, Refrigerator
Fireplace
No
Cooling
Yes
Cooling Description
Window Units
Heating
Yes
Heating Description
Natural Gas, Forced Air
Exterior/Building Features
School Information
High School
City
Elementary School
Lucas
Other Property Details
Taxes
$104,447
Tax Frequency
Annually
Association Fee Frequency
Yearly
Garage
No
Parking
Off Street
Parking Total
4
View
No
County
Johnson
Pool
No
Zoning
RM20
Courtesy of Lepic-Kroeger, REALTORS, ,
Listing Contact: 319-331-6187
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.
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