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716 N Dubuque St, IowaCity, IA 52245

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For Sale

$2,300,000

5,626 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $408.82
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Rare investment opportunity - 21 room boarding house currently leased to a fraternity, leased through the grand chapter. Tenant is responsible for all maintenance, except for boiler and roof. Boiler was replaced December 2024. Owner is responsible for up to $1,100 in utility expense, unless fully occupied - Currently at full occupancy. There are 6 years left on the 10-year Lease Agreement. Tenants must decide by year-7 if they want to renew for another 5 years at an increased rent rate of $16,500. Considerable notice to show and pre-approval / proof of funds required for showings. Updates completed in 2016: Brava 50-year roof tile installed, new windows, new sprinkler system, new doors and trim.
MLS# 202500734

Courtesy Of Lepic-Kroeger, REALTORS

(319) 351-8811

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Steam

Map and Directions

Directions to 716 N Dubuque St, IowaCity, IA 52245
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Home seller CENTURY 21 Signature Real Estate

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CENTURY 21 Signature Real Estate

(515) 963-1040
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Monthly Payment Breakdown

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