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Description
42 multifamily units are available, comprising 3 buildings with 14 units each. There are 36 one-bedroom, one-bath units and 6 studio units. The roofs were replaced in 2018, and various improvements have been made to the units, including new carpet, updated kitchens, and new tubs in many of the units. The property is conveniently located near UIHC and the West University of Iowa campus, within walking distance of Kinnick Stadium. Rents have steadily increased. Tenants are transitioning to RUBS for utility payments as they move into their new lease terms.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 16,128
County: Johnson
High School: West
Listed By:
LEPIC-KROEGER, REALTORS
319-351-8811
Matthew Lepic
Cedar Rapids MLS
MLS ID: 2407186
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732,736,740 Michael Street, Iowa City, IA 52246.
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| Loan Type | FHA 30 Year Fixed | 30 yr Jumbo |
| Purchase Price | $3,650,000 | $3,650,000 |
| Down Payment | $127,750 | $730,000 |
| Monthly Mortgage Amount | $21,776 | $17,742 |
| Taxes | $5080 | $5080 |
| Insurance | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 |
| Monthly Mortage Insurance | $2,189 | $0 |
| Monthly Estimated Total | $30,110 | $23,887 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/17/2026. The listing information on this page last changed on 04/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/17/2026 12:02:09 AM EST) or MRED MLS (last updated Thu 04/16/2026 11:57:57 PM EST) or SCWMLS (last updated Thu 04/16/2026 11:54:38 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/16/2026 10:16:31 PM EST) or Cedar Rapids MLS (last updated Thu 04/16/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Thu 04/16/2026 11:58:42 PM EST) or ICAAR MLS (last updated Thu 04/16/2026 11:37:29 PM EST) or ECIMLS (last updated Thu 04/16/2026 11:44:15 PM EST) or RMLSA (last updated Fri 04/17/2026 12:00:58 AM EST) or Muscatine MLS (last updated Fri 04/17/2026 12:00:24 AM EST) or No Coast MLS (last updated Thu 04/16/2026 11:54:22 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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