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830 E Burlington St
Iowa City, IA 52240
Multifamily Property For Sale
·
1 Unit
Executive Summary
830 E Burlington Street is an investment opportunity located in Iowa City, Iowa.? Constructed in 1890, the property features a spacious 7-bedroom, 5-bath residence totaling 2,474 square feet and is situated on a 0.118-acre lot.? Located near the University of Iowa campus and downtown Iowa City, 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 $39,609 and a 6.34% 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 $39,609 and a 6.34% 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 | $625,000 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Size | 2,474 SF |
| Cap Rate | 6.34% | No. Stories | 2 |
| No. Units | 1 | Year Built | 1890 |
| Property Type | Multifamily |
| Price Per Unit | $625,000 |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| No. Units | 1 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 2,474 SF |
| No. Stories | 2 |
| Year Built | 1890 |
Property Taxes
| Parcel Number | 1010482014 | Improvements Assessment | $330,460 |
| Land Assessment | $104,160 | Total Assessment | $434,620 |
Property Taxes
Parcel Number
1010482014
Land Assessment
$104,160
Improvements Assessment
$330,460
Total Assessment
$434,620
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