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Town and Campus Apartments 1100 Arthur St 100 Unit Apartment Building $10,248,766 CAD ($102,488 CAD/Unit) Iowa City, IA 52240



Executive Summary
This is a 100-unit cooperative project with all units leased out. 66 are one bedroom with 575 SF and 34 are two bedroom with 800 SF. The building is a quadrangle style with grassy area in the middle. There are separate laundry rooms for extra income and two basement areas with storage units for the tenants. The parcel is 3.765 acres and has approximately 100 parking spaces and bus service nearby. Close to banking, shopping, schools and parks. It is also directly across Arthur Street from the new Johnson County Neighborhood Center, a daycare and community center that will offer classrooms, computer lab, bikes for loan, playground and a center for community activities. Also, as a cooperative property, each unit could be sold individually.
Property Facts
| Price | $10,248,766 CAD | Building Class | C |
| Price Per Unit | $102,488 CAD | Lot Size | 3.76 AC |
| Sale Type | Investment | Building Size | 97,272 SF |
| No. Units | 100 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | RM20 | ||
| Price | $10,248,766 CAD |
| Price Per Unit | $102,488 CAD |
| Sale Type | Investment |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 3.76 AC |
| Building Size | 97,272 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Opportunity Zone |
Yes |
| Zoning | RM20 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1013306002 | Improvements Assessment | $7,184,026 CAD |
| Land Assessment | $785,155 CAD | Total Assessment | $7,969,181 CAD |
Property Taxes
Parcel Number
1013306002
Land Assessment
$785,155 CAD
Improvements Assessment
$7,184,026 CAD
Total Assessment
$7,969,181 CAD
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Town and Campus Apartments | 1100 Arthur St
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