Iowa City Cooperative Investment
For Sale
$6,975,000
1100 Arthur St, Iowa City, IA 52240
100-unit cooperative project with units leased, great investment opportunity.
Property Size4,968 SF
Lot Size3.77 Acres
Price / SF$1,403
Days on Market157
Property Features for 1100 Arthur St
General Information
Standard status
Active
Size
4,968 SF
Lot size
3.77 Acres
Property subtype
Multi-Family
Zoning
RM20
Taxes and HOA fees
Annual Taxes
$99,300
Amenities
Partial
1
2484.0
Irregular
OffStreet
Building Details
Year Built
1962
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 270-6253
Listed By:
Tatiana McClinton
(319) 270-6253
Source:
Pinnaclerealtyia
Added: Mar 27
Changed: Aug 28
Last Checked: Aug 30 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lepic-Kroeger, REALTORS
Investment Insights
Based on property information with market context.
This is a 100-unit cooperative project with all units currently leased. The unit mix includes 66 one-bedroom units, each with 575 square feet, and 34 two-bedroom units, each with 800 square feet. The building features a quadrangle style with a grassy area in the middle. Additional income is generated from separate laundry rooms, and tenants have access to storage units in two basement areas. The property is situated on a 3.765-acre parcel and includes approximately 100 parking spaces. Bus service is conveniently located nearby, providing easy access to banking, shopping, schools, and parks. The property is directly across Arthur Street from the new Johnson County Neighborhood Center, which will offer a daycare, community center, classrooms, a computer lab, bikes for loan, a playground, and a center for community activities. As a cooperative property, each unit has the potential to be sold individually.
Key Highlights
- Potential for individual unit sales as a cooperative property.
- High occupancy rate with all 100 units currently leased.
- Proximity to the new Johnson County Neighborhood Center offering daycare, community activities, and resources.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 52240, IA
34,224
Population
17,035
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
94%
High-School Grad
142.1 sq mi
ZIP Area
241
Density / Sq Mi
$55,189
Median Household Income
$25,508
Median Earnings
$1,065
Median Rent
$241,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 100-unit cooperative project with units leased, great investment opportunity.
Where is this apartment building located?
The property is located at 1100 Arthur St Iowa City, IA.
What is the asking price?
The asking price for this property is $6,975,000.
What are key features of this property?
This property features: Potential for individual unit sales as a cooperative property.; High occupancy rate with all 100 units currently leased.; Proximity to the new Johnson County Neighborhood Center offering daycare, community activities, and resources.
