302 2nd St, Coralville

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Sale Price $3,600,000.00 ▪ MLS: 202101313

22 Apartments and 5 leased commercial suites at 302/304/310/302.5/301 2nd Street. Apartments are 8-efficiency apartments, 8-one bedrooms, and 9 two bedrooms. The total income is $350,347, expenses are $141,374 and the NOI is $208,882 yielding a 5.8% CAP rate at current rents. A-1 Uniform, Quality Care, Eyebrow Threading, Taxes Plus and Earthview Environmental are the commercial tenants. Covered parking is available in the rear as is access to 1st Street for easy in and out.

      
Directions: West on 2nd St from 1st Ave / 2nd St intersection property is on the South side just before the bridge.

Property Details

MLS #: 202101313
Sale Price: $3,600,000.00
Year Built: 1995
Sq Ft: 60750
Business: Office Building, Retail Store, Warehouse
Construction: Brick, Frame, Steel/Metal
Floor Type: Carpet, Ceramic Tile, Vinyl/Vinyl Tile
Financing: Cash
Utilities: Cable TV, Electricity, Natural Gas, Sewer, Water-City
Acreage: 1.39
Lot: Irregeular
Frontage: County/City Road, Pavement
Heating: Gas, Forced Air
Cooling: Central A/C

Information deemed reliable but not guaranteed


Who To Contact

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Coldwell Banker Real Estate Professionals

319-351-3355
 
info@cbrep.com


 Listing Office: Lepic-Kroeger, REALTORS - Agent: Jeff Edberg ▪ Information furnished by Iowa City Area Association of Realtors MLS