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521 E College St
Iowa City, IA 52240
Multifamily Property For Sale
·
1 Unit


Executive Summary
521 E College Street is an investment opportunity located in Iowa City, Iowa.? Constructed in 1890, the property features an 8-bedroom, 4-bath residence totaling 3,240 square feet and is situated on a 0.172-acre lot.? Located near the University of Iowa campus and downtown Iowa City, the property is well-positioned to capitalize on 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 $52,923 and a 6.92% 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 $52,923 and a 6.92% 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 | $1,077,487 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Size | 3,240 SF |
| Cap Rate | 6.92% | No. Stories | 2 |
| No. Units | 1 | Year Built | 1890 |
| Property Type | Multifamily |
| Price Per Unit | $1,077,487 CAD |
| Sale Type | Investment |
| Cap Rate | 6.92% |
| No. Units | 1 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 3,240 SF |
| No. Stories | 2 |
| Year Built | 1890 |
Property Taxes
| Parcel Number | 1010457005 | Improvements Assessment | $487,940 CAD |
| Land Assessment | $147,890 CAD | Total Assessment | $635,830 CAD |
Property Taxes
Parcel Number
1010457005
Land Assessment
$147,890 CAD
Improvements Assessment
$487,940 CAD
Total Assessment
$635,830 CAD
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