1328 E Davenport St, IowaCity, IA 52245
- $320,000
- List Price
- $320,000
- Status
- ACTIVE
- MLS#
- 202605471
- Year Built
- 1900
- Region
- IowaCity
- Subdivision
- Unknown
Property Description
Excellent investment opportunity at 1328/1330 E Davenport Street in Iowa City! This fully occupied duplex offers immediate rental income with a combined $2,650 per month / $31,800 annually in gross rent. The upper unit features 2 bedrooms and 1 bathroom and rents for $1,300/month, while the lower unit offers 3 bedrooms and 1.5 bathrooms and rents for $1,350/month. Both units feature their own kitchens, with shared laundry and additional storage available in the basement. Outside, tenants can enjoy a fenced-in backyard situated on a 6,750-square-foot lot. The property offers 1,732 square feet of total living space and is conveniently located in a quiet residential neighborhood just minutes from downtown Iowa City. The property is currently fully occupied, providing a turnkey opportunity for an investor looking to add an established income-producing duplex to their portfolio. Landlord pays all utilities. With two rental income streams already in place and a desirable Iowa City location, this is a great opportunity for a buy-and-hold investor. Advanced notice required for tenants. Buyers to verify sq footage and schools.
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Additional Information
- Hoa Includes
- None
- Interior
- Other
- Amenities
- Sidewalks
- Heating
- NaturalGas, ForcedAir
- Basement Desc
- SeeRemarks
- Exterior
- Deck, FencedYard
- Parking
- OffStreet
- Elementary School
- Mann
- Middle School
- Southeast
- High School
- City
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Listing courtesy of Affinity Real Estate Services.