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    302 2nd St

    Coralville, IA 52241
    • $3,600,000
    • STATUS: Active
    • ON SITE: 103 days
    • MLS #: 202101313
    UPDATED: 1 min ago
    $3,600,000
    • 0
      BEDS
    • 1.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 60,750
      SQFT
    • $59
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1995
    County:
    Area:

    School Ratings & Info

    Description

    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.

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    © 2021 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2021-06-16T16:25:46.417
    www.lepicelite.com/homes/114768175
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    302 2nd St Coralville, IA 52241

    • Price: $3,600,000
    • Status: Active
    • Updated: 1 min ago
    • MLS #: 202101313
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.39
    Acres
    60,750
    SQFT
    $59
    $/SQFT
    1995
    Built
    Neighborhood:
    Coralville
    County:
    Johnson
    Area:
    Coralville
    Property Description
    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.
    Exterior Features

    Additional Square Feet 50000-100000 Sqft Construct Cm BrickFrameSteel/Metal Road Frontage County/City RoadPavement Roof Type CompositionMetal/Steel

    Interior Features

    Cooling Central A/C Elevators No Floor Type CarpetCeramic TileVinyl/Vinyl Tile Heating Forced AirGas

    Property Features

    Bank Owned NO Business Office BuildingRetail StoreWarehouse Ci Features Additional BuildingsDisplay WindowOtherSprinkler System Gross Taxcounty And City 66982 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Freestanding Lot Dimensions Irregeular Ownership Type Commercial Possible Financing Cash Sale Includes Building &Amp; Land Sale Lease For Sale Special Features Other Type Of Lease None Utilities Available Cable TvElectricityNatural GasSewerWater-City Zoning C2

    Listing information © 2021 Iowa City Area Association of Realtors.
    Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, Realtors.



    © 2021 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2021-06-16T16:25:46.417
     
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    Lepic Elite Home Team | Lepic-Kroeger, Realtors
    2346 Mormon Trek Blvd
    Iowa City IA, 52246