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217 S Johnson St
Iowa City, IA 52240
Multifamily Property For Sale
·
1 Unit
Executive Summary
217 S Johnson Street is an investment opportunity located in Iowa City, Iowa.? Constructed in 1900, the property features a 7-bedroom, 5-bath residence totaling 2,812 square feet and is situated on a 0.055-acre lot.? Located near the University of Iowa campus and downtown Iowa City, the property is well-positioned to benefit from the area's strong and consistent housing demand.?
Situated in one of Iowa’s most established rental markets, the property offers convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers.? With a proforma NOI of $43,243 and a 5.96% cap rate, the offering provides stable cash flow and long-term investment potential in a highly desirable Iowa City location.?
Situated in one of Iowa’s most established rental markets, the property offers convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers.? With a proforma NOI of $43,243 and a 5.96% cap rate, the offering provides stable cash flow and long-term investment potential in a highly desirable Iowa City location.?
Property Facts
| Price Per Unit | $1,022,757 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.96% | Lot Size | 0.06 AC |
| No. Units | 1 | Building Size | 2,812 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Price Per Unit | $1,022,757 CAD |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,812 SF |
| No. Stories | 2 |
| Year Built | 1900 |
Property Taxes
| Parcel Number | 1010457003 | Improvements Assessment | $534,669 CAD |
| Land Assessment | $97,338 CAD | Total Assessment | $632,008 CAD |
Property Taxes
Parcel Number
1010457003
Land Assessment
$97,338 CAD
Improvements Assessment
$534,669 CAD
Total Assessment
$632,008 CAD
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