Residential Sale
3,020 Sqft - College St, Iowa City, Iowa 52240
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Description

Four 1 bed 1 bath units in main house plus a carriage house with 2 beds and 1 bath. Total rents are $4955 for the 25-26 term. Annual income is $57,000, expenses are 32% at $18405 and NOI is $38595 giving a 7.6% CAP rate. Great location, just one block from College Green Park. Unit 1 has been leased for the 26-27 term at $1275. Other units are actively being marketed. The property has an excellent rental history. Tenant rights apply.

Property Description

Four 1 bed 1 bath units in main house plus a carriage house with 2 beds and 1 bath. Total rents are $4955 for the 25-26 term. Annual income is $57,000, expenses are 32% at $18405 and NOI is $38595 giving a 7.6% CAP rate. Great location, just one block from College Green Park. Unit 1 has been leased for the 26-27 term at $1275. Other units are actively being marketed. The property has an excellent rental history. Tenant rights apply.

Basic Details
Property Type:
Residential
Listing Type:
Sale
Listing ID:
202506827
Price:
$510,000
Beds:
6
Total Baths:
5
Baths:
5
Half Bathrooms:
0
Square Feet:
3,020 Sqft
Construction Year:
1900
Lot Size:
0.18 Acre
Country:
US
State:
IA
County:
Johnson
City:
Iowa City
Zipcode:
52240
Subdivision:
IC Original Town
Property Sub Type:
IncomeInvestment
Features
Heating:
Steam
Cooling System:
Wall Window Units
Parking:
Off Street
Basement:
Full, Unfinished
Exterior:
Front Porch, Other
Construction:
Frame, Composit, Wood
Interior:
Other, Breakfast Area
Address Map
Street Number:
803
Street Dir Prefix:
E
Street:
College St
Floor Number:
0
Longitude:
W92° 28' 33.3''
Latitude:
N41° 39' 31.1''
More Information
Office Name:
Lepic-Kroeger, REALTORS
Elementary School:
Longfellow
Jr./Middle School:
Southeast
High School:
City
Directions:
Southeast corner of the College St and Lucas St intersection.
Zoning:
RNS20 OHD
Lot Dimensions:
110 x 70
LA1Agent Logon Name:
I038
LA1Agent First Name:
Jeff
LA1Agent Last Name:
Edberg
LO1Main Office ID:
ILKR
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Jeff Edberg
Lepic-Kroeger, REALTORS
Additional Details
Wall Window Units
Full, Unfinished
Front Porch, Other
Frame, Composit, Wood
Other, Breakfast Area
11/05/2025
Southeast corner of the College St and Lucas St intersection.
110 x 70
Urban Acres Real Estate