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Town and Campus Apartments 1100 Arthur St 100 Unit Apartment Building $7,350,000 ($73,500/Unit) Iowa City, IA 52240

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Executive Summary

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.

Arthur St 1100

Property Facts

Price	$7,350,000	Building Class	C
Price Per Unit	$73,500	Lot Size	3.76 AC
Sale Type	Investment	Building Size	97,272 SF
No. Units	100	Average Occupancy	100%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1962
Apartment Style	Mid-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM20

Price	$7,350,000
Price Per Unit	$73,500
Sale Type	Investment
No. Units	100
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	C
Lot Size	3.76 AC
Building Size	97,272 SF
Average Occupancy	100%
No. Stories	2
Year Built	1962
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM20