Description
Single-family investment opportunity minutes from the University of Iowa campus and downtown Iowa City. Built in 1890, this spacious 7-bedroom, 5-bath residence spans 2,474 SF on a 0.118-acre lot. Proforma NOI of $39,609 on a 6.34% cap rate. Strong, consistent housing demand in an established rental market. Walkable to campus, Kinnick Stadium, Carver-Hawkeye Arena, City Park, and downtown amenities.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 2,149
County: Johnson
High School: City
Listed By:
SKOGMAN REALTY COMMERCIAL
Tiffany Earl Williams-WSG CRE
319-363-8286
Cedar Rapids MLS
MLS ID: 2604996
Shown By
Agent Name: Nathan Stout
Agent Phone: (309) 507-0571
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Nathan Stout
Agent Phone: (309) 507-0571
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
830 E Burlington Street, Iowa City, IA 52240.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $625,000 | $625,000 | $625,000 |
| Down Payment | $125,000 | $21,875 | $156,250 |
| Monthly Mortgage Amount | $3,119 | $3,779 | $3,893 |
| Taxes | $870 | $870 | $870 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $275 | $0 |
| Monthly Estimated Total | $4,171 | $5,106 | $4,945 |