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711 E Burlington St

10 Unit Apartment Building $1,300,000 ($130,000/Unit) 10.44% Cap Rate Iowa City, IA 52240

Apartment Buildings Iowa Iowa City 711 E Burlington St, Iowa City, IA 52240

Investment Highlights

  • Onsite laundry room.
  • Off Street parking lot.

Executive Summary

INVESTOR ALERT! 10 unit apartment building for sale on University of Iowa Campus & Downtown Iowa City! Fully leased with student housing! This property has a mix of Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom and 4 Bedroom apartments. Off Street parking lot! Onsite laundry room! Tenants pay all utilities! All showings are subject to Tenants rights need at least 24 hour notice to show.

Property Facts

Price $1,300,000 Apartment Style Low Rise
Price Per Unit $130,000 Building Class C
Sale Type Investment Lot Size 0.41 AC
Cap Rate 10.44% Building Size 6,512 SF
No. Units 10 No. Stories 2
Property Type Multifamily Year Built 1890
Property Subtype Apartment
Price $1,300,000
Price Per Unit $130,000
Sale Type Investment
Cap Rate 10.44%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.41 AC
Building Size 6,512 SF
No. Stories 2
Year Built 1890

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 - -
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 1010484007 Improvements Assessment $679,660
Land Assessment $302,400 Total Assessment $982,060

PROPERTY TAXES

Parcel Number
1010484007
Land Assessment
$302,400
Improvements Assessment
$679,660
Total Assessment
$982,060

zoning

Zoning Code R3 (Residential.)
R3 (Residential.)
(319) 331-0409

Contact

  • Listing ID: 34171847

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 711 E Burlington St, Iowa City, IA 52240

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711 E Burlington St, Iowa City, IA for sale Building Photo- Image 1 of 2
Main entrance to property

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711 E Burlington St
(319) 331-0409 x

711 E Burlington St

Mark Lynch

(319) 331-0409

(319) 331-0409

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