525 Iowa AVE, Iowa City, IA 52240
525 Iowa AVE, Iowa City, IA 52240
525 Iowa AVE, Iowa City, IA 52240
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$595,000
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2,149 SqFt
Active

525 Iowa AVE Iowa City, IA 52240

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Tim Scherbring

Tim Scherbring

+1(319) 361-5111

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,149 sqft

Price per Sqft $276

MLS Listing ID 2604995

HOA Y/N No

Total Fin. Sqft 2149

Year Built 1900

Annual Tax Amount $6,814

Lot Size 4,443 Sqft

Acres 0.102

Property Sub-Type Multi Family

Property Description

Single-family investment opportunity minutes from the University of Iowa campus and downtown Iowa City. Built in 1900, this residence offers 7 bedrooms and 3 baths across 2,149 SF on a 0.102-acre lot. Proforma NOI of $37,844 on a 6.36% cap rate. Strong, consistent housing demand in an established rental market. Walkable to campus, Kinnick Stadium, Carver-Hawkeye Arena, City Park, and downtown amenities.

Location

State IA

County Johnson

Area Iowa City/Coralville

Zoning Res

Rooms

Basement Full

Interior

Interior Features InteriorFeatures

Heating Electric, Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Parking Space(s)

Water Access Desc Public

Building

Sewer Public Sewer

Water Public

Structure Type Composite Siding,Frame

Schools

Elementary Schools Longfellow

Middle Schools Southeast

High Schools City

Others

Tax ID 1010438004

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/cdr/2604995

Listed by SKOGMAN REALTY COMMERCIAL

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Tim Scherbring

Tim Scherbring

Broker Associate | License ID: 61218000

+1(319) 361-5111

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525 Iowa AVE