1100 Arthur St - Apartments FOR SALE


Iowa City, IA 52240
$7,350,000 USD
319-331-6187
1100 Arthur St, Iowa City, IA for Sale
$7,350,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

1100 Arthur St
Iowa City, IA 52240


OVERVIEW

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. 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.

FOR SALE DETAILS

PRICE

$7,350,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

100

PRICE/UNIT

$73,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town and Campus Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.76 AC

LAND SF

163,809 SF

ZONING

RM20

APN/PARCEL ID

1013306002

ASK ABOUT THIS PROPERTY

Jeff EdbergLepic-Kroeger, RealtorsMore Info
319-331-6187

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Jeff EdbergLepic-Kroeger, RealtorsMore Info
319-331-6187

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.