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    304 2nd St

    Coralville, IA 52241
    • $3,600,000
    • STATUS: Active
    • ON SITE: 21 days
    • MLS #: 202006518
    UPDATED: 53 min ago
    $3,600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1995
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    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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    © 2020 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: 2020-11-26T20:25:36.437
    www.gwenjohnson.com/homes/111607176
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    304 2nd St Coralville, IA 52241

    • Price: $3,600,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 202006518
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1995
    Built
    Neighborhood:
    None
    County:
    Johnson
    Area:
    Coralville
    Elementary School:
    Central
    Middle School:
    Northwest
    High School:
    West
    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

    Construction BrickBrick Frame Parking Assigned Space

    Interior Features

    Appliances Unit1 Range/OvenRefrigeratorSmoke/Fire Alarm Appliances Unit2 Range/OvenRefrigeratorSmoke/Fire Alarm Appliances Unit3 Range/OvenRefrigeratorSmoke/Fire Alarm Appliances Unit4 Range/OvenRefrigeratorSmoke/Fire Alarm Basement None Cooling Central Elevators No Energy Related Other Heating Forced AirGas Laundry Coin Laundry Number Fireplaces 0 Unit1 Number Full Baths 1 Unit1 Number Half Baths 0 Unit1 Number34 Baths 0 Unit1 Numberbedrooms 1 Unit2 Number Full Baths 2 Unit2 Number Half Baths 0 Unit2 Number34 Baths 0 Unit2 Numberbedrooms 2 Unit3 Number Full Baths 1 Unit3 Number Half Baths 0 Unit3 Number34 Baths 0 Unit3 Numberbedrooms 1 Unit4 Number Full Baths 1 Unit4 Number Half Baths 0 Unit4 Number34 Baths 0 Unit4 Numberbedrooms 1

    Property Features

    Amenities SidewalksStreet Lights Annual Assoc Fee 0 Annual Gross Expense 141364 Annual Gross Income 350347 Bank Owned NO Electric Annually 3240.67 Fee Includes Other Gas Annually 3240.67 Gross Taxcounty And City 66982 Insurance Annually 9292 Internet Yes Lease Term Unit1 Years Lease Term Unit2 Years Lease Term Unit3 Years Lease Term Unit4 Years Lot Dimensions Irregular Maintenance Annually 31517 New Construction No Possible Finance Cash Rental Permit Yes Sale Lease For Sale Sqft Above 0 Sqft Lower 60750 Type Multi-Family Type Multi Family Apartments (5+ Units) Unit1 Dining Room No Unit1 Living Room Yes Unit1 Monthly Rent 650 Unit2 Dining Room No Unit2 Living Room Yes Unit2 Monthly Rent 710 Unit3 Dining Room No Unit3 Living Room Yes Unit3 Monthly Rent 475 Unit4 Dining Room Yes Unit4 Living Room Yes Unit4 Monthly Rent 735 Utilities Available Cable in RentElectric in RentGas in RentWater in Rent Water Annually 3240.67 Water Sewer City Water Zoning C2

    Listing information © 2020 Iowa City Area Association of Realtors.
    Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, Realtors.



    © 2020 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: 2020-11-26T20:25:36.437
     
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    The Johnson Team
    2530 Corridor Way
    Coralville IA, 52241