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302 2nd St

Coralville, IA 52241
  • $3,600,000
  • STATUS: Active
  • ON SITE: 144 days
  • MLS #: 202101313
UPDATED: 140 min ago
$3,600,000
  • 0
    BEDS
  • 1.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 60,750
    SQFT
  • $59
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1995
County:
Area:

School Ratings & Info

Description

22 Apartments and 5 leased commercial suites at 302/304/310/302.5/301 2nd Street. Apartments are 8-efficiency apartments, 8-one bedrooms, and 9 two bedrooms. The total income is $350,347, expenses are $141,374 and the NOI is $208,882 yielding a 5.8% CAP rate at current rents. A-1 Uniform, Quality Care, Eyebrow Threading, Taxes Plus and Earthview Environmental are the commercial tenants. Covered parking is available in the rear as is access to 1st Street for easy in and out.

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© 2021 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team. Data last updated: 2021-07-27T00:26:01.497
www.gwenjohnson.com/homes/114768175
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302 2nd St Coralville, IA 52241

  • Price: $3,600,000
  • Status: Active
  • Updated: 140 min ago
  • MLS #: 202101313
0
Beds
0
Baths
0
½ Baths
1.39
Acres
60,750
SQFT
$59
$/SQFT
1995
Built
Neighborhood:
Coralville
County:
Johnson
Area:
Coralville
Property Description
22 Apartments and 5 leased commercial suites at 302/304/310/302.5/301 2nd Street. Apartments are 8-efficiency apartments, 8-one bedrooms, and 9 two bedrooms. The total income is $350,347, expenses are $141,374 and the NOI is $208,882 yielding a 5.8% CAP rate at current rents. A-1 Uniform, Quality Care, Eyebrow Threading, Taxes Plus and Earthview Environmental are the commercial tenants. Covered parking is available in the rear as is access to 1st Street for easy in and out.
Exterior Features

Additional Square Feet 50000-100000 Sqft Construct Cm BrickFrameSteel/Metal Road Frontage County/City RoadPavement Roof Type CompositionMetal/Steel

Interior Features

Cooling Central A/C Elevators No Floor Type CarpetCeramic TileVinyl/Vinyl Tile Heating Forced AirGas

Property Features

Bank Owned NO Business Office BuildingRetail StoreWarehouse Ci Features Additional BuildingsDisplay WindowOtherSprinkler System Gross Taxcounty And City 66982 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Freestanding Lot Dimensions Irregeular Ownership Type Commercial Possible Financing Cash Sale Includes Building &Amp; Land Sale Lease For Sale Special Features Other Type Of Lease None Utilities Available Cable TvElectricityNatural GasSewerWater-City Zoning C2

Listing information © 2021 Iowa City Area Association of Realtors.
Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, Realtors.



© 2021 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team. Data last updated: 2021-07-27T00:26:01.497
 
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The Johnson Team
2530 Corridor Way
Coralville IA, 52241