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518 Bowery St

Iowa City, IA 52240
  • $300,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 202306254
UPDATED: 18 min ago
$300,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 702
    SQFT
  • $427
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1890
County:
Area:

School Ratings & Info

Description

A tenant occupied investment property close to downtown Iowa City. This investment property is a 7.50% cap rate with a tenant in place that generates income, APOD attached. The rent rate is $40 PSF gross or $2,350/month. Lease is good until 11/30/2027. 2 parking spaces at the rear of the building. The business is operating, and any showings will be required 48-hour notice. The building is historical. Tenant is responsible for snow removal.

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© 2024 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 | Skogman Realty. Data last updated: 2024-02-28T21:25:55.6
www.gwenjohnson.com/homes/145919524
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518 Bowery St Iowa City, IA 52240

  • Price: $300,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 18 min ago
  • MLS #: 202306254
0
Beds
0
Baths
0
½ Baths
0.03
Acres
702
SQFT
$427
$/SQFT
1890
Built
Neighborhood:
Iowa City
County:
Johnson
Area:
Iowa City
Property Description
A tenant occupied investment property close to downtown Iowa City. This investment property is a 7.50% cap rate with a tenant in place that generates income, APOD attached. The rent rate is $40 PSF gross or $2,350/month. Lease is good until 11/30/2027. 2 parking spaces at the rear of the building. The business is operating, and any showings will be required 48-hour notice. The building is historical. Tenant is responsible for snow removal.
Exterior Features

Construction Materials Other Lot Size Acre Range LessThanHalfAcre Lot Size Dimensions .03 Road Frontage Type CountyRoad Roof Other

Interior Features

Cooling CentralAir Flooring Other Heating NaturalGas

Property Features

Auction Online Bid YN No Business Type FoodAndBeverageRetail Buyer Financing CashConventional Commercial Building Features None Common Area Maintenance 0 Compensation Remarks 3.0% Expiration Date 2024-05-06 Green Verification YN No Possession Negotiable Property Sub Type Commercial Special Features None Tax Annual Amount 3140 Tax Year 2022 Utilities CableAvailableNaturalGasAvailableSewerAvailablePhoneAvailableCityWater Zoning CN-1 Historical

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Mark Lynch of Skogman Realty Co.: 319-625-6427.



© 2024 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 | Skogman Realty. Data last updated: 2024-02-28T21:25:55.6
 
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The Johnson Team | Skogman Realty
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