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Available

$510,000

803 E College St , Iowa City, IA 52240 (Johnson County)

Size: 0.18 Acres

Type: Residential Land

Home: 6 beds - 5 full baths - 3,020 Sq Ft

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Twostories, Income Investment - IowaCity, IA

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.

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