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17 S Johnson St
Iowa City, IA 52240
Multifamily Property For Sale
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1 Unit
Executive Summary
17 S Johnson Street is an investment opportunity located in Iowa City, Iowa.? Constructed in 1900, the property features a 4-bedroom, 2-bath residence totaling 923 square feet and is situated on a 0.045-acre lot.? Located near downtown Iowa City and the University of Iowa campus, the property is well-positioned to benefit from the area's strong and consistent housing demand.?
Situated in one of Iowa’s most established rental markets, the property offers convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers.? With a proforma NOI of $23,150 and a 6.61% cap rate, the offering provides stable cash flow and long-term investment potential in a highly desirable Iowa City location.?
Situated in one of Iowa’s most established rental markets, the property offers convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers.? With a proforma NOI of $23,150 and a 6.61% cap rate, the offering provides stable cash flow and long-term investment potential in a highly desirable Iowa City location.?
Property Facts
| Price Per Unit | $350,000 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Size | 923 SF |
| Cap Rate | 6.61% | No. Stories | 2 |
| No. Units | 1 | Year Built | 1900 |
| Property Type | Multifamily |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 6.61% |
| No. Units | 1 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 923 SF |
| No. Stories | 2 |
| Year Built | 1900 |
Property Taxes
| Parcel Number | 1010438014 | Improvements Assessment | $147,630 |
| Land Assessment | $64,000 | Total Assessment | $211,630 |
Property Taxes
Parcel Number
1010438014
Land Assessment
$64,000
Improvements Assessment
$147,630
Total Assessment
$211,630
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