$350,000
2.0 Units
MLS: 202405034
This income investment property located in downtown Iowa City presents a valuable opportunity for potential buyers looking to expand their real estate portfolio. The property, situated on a corner lot with close proximity to a bus stop, offers convenience and desirability. Featuring two units, each comprising 3 bedrooms and 1.5 bathrooms, this property provides flexible options for rental income. The kitchens come equipped with some appliances, offering functionality and convenience for the occupants. Notable updates include LVP flooring throughout both units and both water heaters have been recently replaced, with one updated in 2021 and the other in 2024. Convenience is further enhanced by the presence of a parking pad for each unit, providing off-street parking solutions for residents or tenants. Take advantage of this chance to own a property with dual rental units that can offer steady income and long-term benefits in a sought-after location.
MLS #: 202405034
Price: $350,000
Year Built: 1984
Income/Yr: $29,520.00
Expense/Yr: $0.00
Parking: Off Street
Basement: Slab
Total Sq Ft: 1188
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $0.00
Insurance Expense: $0.00
Gross Tax: $5,695.00
Units: 2.0
Laundry: In Kitchen, Main Level
Energy Generation:
Heat/Cooling: Natural Gas, Forced Air, Central Air
Elementary: Longfellow
Middle: Southeast
High: City
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Lepic-Kroeger, REALTORS - Agent: Lexi Belland Perez - Information furnished by Iowa City Area Association of Realtors