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2761 Oakdale Boulevard

Coralville, IA 52241
  • $711,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 2202797
UPDATED: 70 min ago
$711,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,207
    SQFT
  • $169
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
2006
County:

School Ratings & Info

Description

Net Leased Investment Property - Building has been subdivided into individual condominium units. Long established tenant (Farrell's) lease has renewed twice runs through Feb of 2025. Commercial condominium whose association provides exterior and grounds maintenance makes this a low maintenance investment opportunity. 7.22% cap rate yields a healthy return. Rapidly growing area near research campus, future Mercy Hospital location, new rehab hospitals, and the West Coralville development make this a smart buy. Square footage is approximated from the Johnson Co. Assessor site.

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© 2022 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 The Graf Home Selling Team & Associates. Data last updated: 2022-05-19T23:42:29.963.
www.cedarrapidsareahomes.com/homes/127083435
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2761 Oakdale Boulevard Coralville, IA 52241

  • Price: $711,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 70 min ago
  • MLS #: 2202797
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,207
SQFT
$169
$/SQFT
2006
Built
Neighborhood:
Iowa City/Coralville
County:
Johnson
Area:
Iowa City/Coralville
Property Description
Net Leased Investment Property - Building has been subdivided into individual condominium units. Long established tenant (Farrell's) lease has renewed twice runs through Feb of 2025. Commercial condominium whose association provides exterior and grounds maintenance makes this a low maintenance investment opportunity. 7.22% cap rate yields a healthy return. Rapidly growing area near research campus, future Mercy Hospital location, new rehab hospitals, and the West Coralville development make this a smart buy. Square footage is approximated from the Johnson Co. Assessor site.
Exterior Features

Construction Materials Frame Exterior Features Sprinkler/Irrigation Parking Features Off Street Roof AsphaltShingle

Interior Features

Basement YN No Cooling ZonedCentral Air Cooling YN Yes Flooring CarpetConcrete Heating ZonedForced AirGas Heating YN Yes

Property Features

Association YN Yes Lease Considered YN No Property Sub Type Business Road Surface Type Paved Tax Annual Amount 24948 Tenant Pays Common Area MaintenanceElectricityGasInsuranceTaxesWater Utilities Electricity AvailableNatural Gas Available Zoning Description Cpud-2

Listing information © 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Jon Proud of Coldwell Banker Real Estate Professionals.
© 2022 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 The Graf Home Selling Team & Associates. Data last updated: 2022-05-19T23:42:29.963.
 
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The Graf Home Selling Team & Associates
2252 Blairs Ferry Road
Hiawatha IA, 52233