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350 Cayman Street

Iowa City, IA 52245
  • $1,250,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 2500582
UPDATED: 46 min ago
$1,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,440
    SQFT
  • $168
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1993
County:

School Information

Elementary School:
Middle School:
High School:

Description

What an opportunity! Eight unit building that are condos - property tax savings and ability to sell individually! Built by owner in 1993 and managed by same. No sprinkler system and no fireplaces. Building has SIX total garages of varying sizes. Two would fit three cars. Many recent updates include: nearly all lights replaced in unit and halls with LED. All flooring in units have been replaced w/mostly tile and LVP. Units regularly painted. Stainless steel appliances added. Cabinet hardware replaced with brushed nickel. Decks repaired/stained, exterior doors replaced, HVAC serviced, all hall carpets cleaned, all deadbolts, lever passages, etc replaced with Schlage products and parking lot striped in 2023. All garage doors serviced in recent years. Roof replaced in 2010 and attic insulation added in 2022. Self-managed and easy to manage. Rental permit thru 1 OCT 2025 and all units rented thru July 2025.

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© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2025-02-11T16:42:35.437.
www.realtybrotherscr.com/homes/159712924
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350 Cayman Street Iowa City, IA 52245

  • Price: $1,250,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 46 min ago
  • MLS #: 2500582
0
Beds
0
Baths
0
½ Baths
N/A
Acres
7,440
SQFT
$168
$/SQFT
1993
Built
Neighborhood:
Iowa City/Coralville
County:
Johnson
Area:
Iowa City/Coralville
Elementary School:
Lemme
Middle School:
Southeast
High School:
City
Property Description
What an opportunity! Eight unit building that are condos - property tax savings and ability to sell individually! Built by owner in 1993 and managed by same. No sprinkler system and no fireplaces. Building has SIX total garages of varying sizes. Two would fit three cars. Many recent updates include: nearly all lights replaced in unit and halls with LED. All flooring in units have been replaced w/mostly tile and LVP. Units regularly painted. Stainless steel appliances added. Cabinet hardware replaced with brushed nickel. Decks repaired/stained, exterior doors replaced, HVAC serviced, all hall carpets cleaned, all deadbolts, lever passages, etc replaced with Schlage products and parking lot striped in 2023. All garage doors serviced in recent years. Roof replaced in 2010 and attic insulation added in 2022. Self-managed and easy to manage. Rental permit thru 1 OCT 2025 and all units rented thru July 2025.
Exterior Features

Construction Materials Frame

Interior Features

Basement See Remarks Cooling Central Air Cooling YN Yes Heating Gas Heating YN Yes

Property Features

Gross Income 117600 Listing Terms Cash Conventional Operating Expense 34818 Possession Negotiable Property Sub Type Multi Family Property Sub Type Additional Multi Family Sewer Public Sewer Tax Annual Amount 2390 Water Source Public

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Ryan Bandy of LEPIC-KROEGER, REALTORS: 319-351-8811.
© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2025-02-11T16:42:35.437.
 
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