732,736,740 Michael St.
Iowa City, IA 52246

$3,650,000

  • 3
    Bedrooms
  • 5
    Bathrooms

42 multifamily units are available, comprising 3 buildings with 14 units each. There are 36 one-bedroom, one-bath units and 6 studio units. The roofs were replaced in 2018, and various improvements have been made to the units, including new carpet, updated kitchens, and new tubs in many of the units. The property is conveniently located near UIHC and the West University of Iowa campus, within walking distance of Kinnick Stadium. Rents have steadily increased. Tenants are transitioning to RUBS for utility payments as they move into their new lease terms.

Property Highlights

  • Heating

    Window/Wall Units, Baseboard, Steam/Hotwater

  • Taxes

    $49,362 Taxes

  • Year Built

    Built in 1971

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