521 E College ST Iowa City, IA 52240
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,240 sqft
Price per Sqft $236
MLS Listing ID 2605000
HOA Y/N No
Total Fin. Sqft 3240
Year Built 1890
Annual Tax Amount $8,137
Lot Size 7,492 Sqft
Acres 0.172
Property Sub-Type Multi Family
Property Description
MLS Remarks (Long Version - ~700 characters)
Single-family investment opportunity minutes from the University of Iowa campus and downtown Iowa City. Built in 1890, this residence offers 8 bedrooms and 4 baths across 3,240 SF on a 0.172-acre lot. Proforma NOI of $52,923 on a 6.92% 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,Vinyl Siding
Schools
Elementary Schools Longfellow
Middle Schools Southeast
High Schools City
Others
Tax ID 1010457005
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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