1010 Martin Street

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1010 Martin Street

Iowa City, IA 52245
Asking Price
$515K
Asset Type
Single Family Rental Portfolio Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Three-story building located at 1010 Martin Street, Iowa City.
  • Investment property listed for sale at $515,000.
  • Dual-purpose asset featuring both retail and residential components.
  • Commercial space configured to support a restaurant operation.
  • Located in an stable regional hub with consistent demand.

What's Special

This retail and residential investment for sale at 1010 Martin Street in Iowa City, Iowa, presents a unique 3-story asset well-suited for investors interested in a mixed-use portfolio. The building combines commercial space suitable for a restaurant operation with residential components, providing diverse utility for a business owner or an operator looking to capitalize on the steady demand of the local market. Iowa City maintains a stable economy underpinned by its status as a regional educational and healthcare hub, ensuring consistent foot traffic and rental demand throughout the area. Positioned within the 52245 zip code, the property offers a versatile footprint for a tenant-occupied restaurant or residential rental strategy. The multi-story layout allows for a functional separation of commercial and living spaces, making it a viable option for those seeking an owner-user arrangement or a long-term income property. The surrounding neighborhood benefits from the consistent economic growth characteristic of this Iowa metro region, providing a solid foundation for commercial stability.

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NOI
$80,000
Cap Rate
15.53%
DSCR
2.62
Strong
Cash-on-Cash
31.99%
Monthly Payment
$2,547.939
Annual Cash Flow
$49,424.732

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