Description
Income producing multifamily property with strong long term redevelopment potential. The adjacent City owned parcel is also available. The combined site would create a signalized hard corner redevelopment opportunity with excellent visibility and traffic exposure. Rare opportunity to control a prominent intersection while generating income from the existing multifamily property. The land is .87 acres and with the City land it is another .20 acres for a total of 1.07 acres.
Property Highlights
Property Type: Commercial - Business
Year Built: 1930
General Information
County: Johnson
Listed By:
Skogman Realty Co.
319-625-6427
Mark Lynch
ICAAR MLS
MLS ID: 202602162
Shown By
Agent Name: Jamie Wiley
Agent Phone: (224) 383-8365
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Jamie Wiley
Agent Phone: (224) 383-8365
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
2203-2221 Muscatine Ave, Iowa City, IA 52240.
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563-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,900,000 | $1,900,000 | $1,900,000 |
| Down Payment | $66,500 | $0 | $380,000 |
| Monthly Mortgage Amount | $11,336 | $11,793 | $9,236 |
| Taxes | $2644 | $2644 | $2644 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,140 | $0 | $0 |
| Monthly Estimated Total | $15,674 | $14,991 | $12,434 |