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23461974
23461975

911 N Governor St, Iowa City, IA 52245

Barkalow & Associates Realtors
Listed by Barkalow & Associates Realtors
$3,150,000
382 days on market
Updated 34 days ago

Lot 1 Scarlett Point Subdivision

Details
Property Type Land, Multifamily
Sub Type Student Housing
Units 84
Stories 4
Zoning RM22
Investment Type Redevelopment
Sale Condition 1031 exchange

Multi-Family Land For Sale

Marketing description

Multi-family development ground FOR SALE with full City of Iowa City approval in place to build 84 apartments on this site. The site plan and building plans completed to date are included in the sale. This site sits next to 44 existing rental units owned by the same seller. The buyer could purchase the existing 44 units separately and build out this site, resulting in a total of 128 units upon completion. This is a prime location, walkable to downtown Iowa City and the University of Iowa Campus. This would be a great student-housing, market-rate, or affordable-housing complex. This site has a lot to offer. Location! Location! Location! Located close to downtown & campus and next to a city park, a grocery store, off-street parking, and on the city bus line. Owner is an Iowa Broker

Investment highlights

Fully entitled 84 units ready to be built for end user. Fully approved by the City of Iowa City.

Listing Contacts

Barkalow & Associates Realtors
Listed by Barkalow & Associates Realtors

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