Ridge at Scott Park 3701-3761 Eastbrook Dr 18 Unit Apartment Building $7,270,777 CAD ($403,932 CAD/Unit) 3.90% Cap Rate Iowa City, IA 52245

3701 Eastbrook St in Iowa City is a 2 – building, 18– Unit property with 3.5 acres of developed land and 4.01 acres of excess undeveloped land located on the east side of Iowa City. The excess land is approved for an additional 86 units. The property is currently rented by the unit, and features three different floor plans: 6 - 1 bed / 1 bath, 4 - 2 bed / 2 bath & 8 - 3 bed / 2 bath. The buildings were constructed in 2024. Tenants are responsible for utilities. Units feature high-end finishes including new appliances, washer & dryer in unit, quartz countertops, LVP flooring, and dishwasher. This provides a high-end living experience at an affordable and attractive price for people of all ages.

3701 Eastbrook St in Iowa City is located, right off of S Scott Blvd in Iowa City. The property is adjacent to the scenic Rita's Ranch Dog Park which is an attractive amenity to pet owners. Iowa City is home to the University of Iowa and the world-renowned University of Iowa Hospital and Clinics. The location provides easy acess to the University and the hospital which makes this property a great housing option for full-time students, part-time students, faculty and staff of the University and employees of UIHC. The property also features close proximity numerous other employers and amenities. The property is strategically located on the east side of Iowa City and is a part of growing Cedar Rapids & Iowa City corridor with numerous recent development projects taking shape in the corridor.
Some nearby amenities include: Hy-Vee, Fareway, Casey's, Kum & Go, BlackStone, Short's Burgers, Midtown Family Resturant, Bread Worthy Bakery, Mesa 503, Shakespeare's Pub and Grill, Jimmy Jack's Rib Shack, Wendy's, Court Hill Trail, Mercer Park and Iowa City Marketplace.