1601 Aber Ave Immeuble residentiel 12 lots 1 117 546 € (93 129 €/Lot) Taux de capitalisation 6,01 % Iowa City, IA 52246

This income-producing 12-unit apartment building offers a compelling opportunity for investors seeking stable cash flow and long-term value in the Iowa City market. Located on Aber Avenue, just minutes from shopping, dining, bus lines and interstate access, this property features updated interiors and an excellent track record of full occupancy.
Built with classic brick exterior and a mansard-style roof, the building has been well cared for and updated where it counts. Each unit features a galley-style kitchen layout with modern cabinets, countertops, and stainless appliances. The unit layout is efficient and functional and off-street parking is available for residents. Heating is provided by a central boiler system that services all 12 units. Each unit has its own wall A/C unit for tenant controlled cooling. The property is separately metered for electricity, while water, gas, and trash are billed back to tenants —minimizing ownership expenses and improving NOI consistency. This property offers immediate cash flow and room for future upside. The efficient unit mix, straightforward mechanical systems, and tenant-paid utilities make it a practical and appealing option for both first-time multifamily buyers and experienced investors looking to add a stable asset to their portfolio.