- 319-731-3400
- info@gldcommercial.com
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