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302 2nd St Coralville, IA 52241

Contact GLD Commercial

Presented by Gibbs Lamb Drown, Commercial Real Estate Advisors

Price: $3,600,000.00

Property

Subtype: Commercial

Area: Coralville

Lot Size: 1

Acres: 1.39

Year Built: 1995

Zoning: C2

Gross Tax: 66,982

County: Johnson

Utilities

Cable TV, Electricity, Natural Gas, Sewer, Water-City

Heating: Forced Air,Gas

Building

Floor Type: Carpet,Ceramic Tile,Vinyl/Vinyl Tile

Lease Terms

Lease Type: For Sale

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.

Listing Agent: Jeff Edberg Office: Lepic-Kroeger, REALTORS Data courtesy of Iowa City Area Association of Realtors MLS