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About This Home
This 0-bedroom, 0-bathroom residential multi family at 516 Church in IowaCity, IA is listed for $550,000 ($138 per sqft). Built in 1970, the home offers 4,000 sqft of living space on a N/A lot.
Currently partially vacant but supported by an excellent rental history, this close-in property offers strong income potential and flexible use. Originally a single-family home, it has been converted into three 1-bedroom apartments along with six efficiency units off the alley, creating a total of nine rentable units.
The location is highly desirable, providing convenient access to nearby amenities, transit, and the university. The property also features ample on-site parking, a valuable asset for tenants and a competitive advantage in the rental market. Great for an investor seeking a value-add opportunity or looking to expand their portfolio with a well-located multi-unit building. This property delivers both long-term potential and value.
Key Features
- Built in 1970
Property Details
Monthly Cost Estimate
$2,942/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
516 Church
IowaCity, IA 52240
Original Town
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 516 Church is listed at $550,000 ($138/sqft). The estimated monthly payment is $2,383 based on 20% down at 6.5% interest.
Key features include: Built in 1970. Exterior Features: Balcony.
This property is listed by Teresa Morrow and can be reached at 3193549440 or tmcommercial@southslope.net.
