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803 E College St
Iowa City, IA 52240
Multifamily Property For Sale
·
5 Units
EXECUTIVE SUMMARY
Four 1 bed 1 bath units in main house plus a carriage house with 2 beds and 1 bath. Total rents are $4750 for the 24-25 rental term, increasing to $4955 for the 25-26 term. Annual income is $57,000, expenses are 32% at $18405 and NOI is $38595 giving a 7.6% CAP rate. Great location, just one block from College Green Park.
PROPERTY FACTS
| Price Per Unit | $141,106 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 7.57% | Building Size | 3,784 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 2.11/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | RNS20 OHD | ||
| Price Per Unit | $141,106 CAD |
| Sale Type | Investment |
| Cap Rate | 7.57% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,784 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | RNS20 OHD |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 1010482005 | Improvements Assessment | $450,346 CAD |
| Land Assessment | $183,382 CAD | Total Assessment | $633,728 CAD |
PROPERTY TAXES
Parcel Number
1010482005
Land Assessment
$183,382 CAD
Improvements Assessment
$450,346 CAD
Total Assessment
$633,728 CAD
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