1012-1014 N Summit St, Iowa City, IA 52240

Amazing opportunity to purchase Multi Family Property in Iowa City with additional development potential. 3 Parcels totaling 1.48 Acres. 15 Rental Units, almost all updated. Land is zoned R12 so there is a potential of adding 9 more units on these parcels. Units include 1 6 plex, 2 duplex's, 1 Triplex and 2 Cottages. All rents can be improved with the improvements already made. 2 other parcels listed separately adjacent to the property could add an additional potential of 30 more units. Concepts for additional buildings can be provided. Proforma numbers with rents when units are finished are available as well.