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Fully Leased Investment Property! Don't miss this rare opportunity to own a fully leased commercial building with strong rental income. The property features three updated 2-bedroom, 1-bath apartments"”two renting for $950/month and one for $975/month"”all with in-unit washers and dryers and modern finishes.(lease through 7-2026) Below the apartments is a main-level office space generating $5,200/month on a gross lease, providing consistent, reliable income (leased through 2028). This well-maintained building offers a turnkey investment with attractive rental rates and minimal vacancy history. With updated units, strong tenants, and a prime location, this property is a fantastic addition to any investor's portfolio.
| DAYS ON MARKET | 89 | LAST UPDATED | 9/3/2025 |
|---|---|---|---|
| YEAR BUILT | 1995 | COMMUNITY | IowaCity |
| COUNTY | Johnson | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| Elementary School | Lemme |
|---|---|
| Jr. High School | Southeast |
| High School | City |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | IowaCity |
| CONSTRUCTION | Frame |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.43 acre(s) |
| LOT DIMENSIONS | irregular |
| TAXES | 11808 |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available |
| WATER | Public |
MORTGAGE CALCULATOR
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Listing provided by Chris Boddicker, Urban Acres Real Estate Corridor
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Listing information is deemed reliable, but not guaranteed accurate by the MLS.
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