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30051633
30051635

1100 Arthur St, Iowa City, IA 52240

JE
IA IA B33730000
Lepic-Kroeger, REALTORS
Listed by Lepic-Kroeger, REALTORS
$7,350,000
95 days on market
Updated 95 days ago
Opportunity zone

1100 Arthur St - Towncrest Garden Cooperative

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,968
Units 100
Year Built 1962
Buildings 16
Stories 2
Zoning RM20
Sale Condition For sale by owner

Multifamily | 100 Units

Marketing description

This is a 100-unit cooperative project with all units leased out. 66 are one bedroom with 575 SF and 34 are two bedroom with 800 SF. The building is a quadrangle style with grassy area in the middle. There are separate laundry rooms for extra income and two basement areas with storage units for the tenants. The parcel is 3.765 acres and has approximately 100 parking spaces and bus service nearby. Close to banking, shopping, schools and parks. It is also directly across Arthur Street from the new Johnson County Neighborhood Center, a daycare and community center that will offer classrooms, computer lab, bikes for loan, playground and a center for community activities. Also, as a cooperative property, each unit could be sold individually.

Investment highlights

This is a 100-unit cooperative project with all units leased out. 66 are one bedroom with 575 SF and 34 are two bedroom with 800 SF.

Listing Contacts

JE
IA IA B33730000
Lepic-Kroeger, REALTORS
Listed by Lepic-Kroeger, REALTORS

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Additional Information

Name
Jeff Edberg
License
IA B33730000
Brokerage Phone
3193316187
Brokerage Address
2346 Mormon Trek Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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