931 Dewey St, IowaCity, IA 52240
- $300,000
- List Price
- $300,000
- Status
- ACTIVE
- MLS#
- 202605473
- Year Built
- 1900
- Region
- IowaCity
- Subdivision
- Unknown
Property Description
Great investment opportunity at 931 Dewey Street in Iowa City! This fully occupied duplex offers immediate rental income with tenants responsible for all utilities, helping keep operating expenses lower for the owner. The upper unit features 1 bedroom and 1 bathroom and rents for $850/month. The spacious lower unit offers 3 bedrooms and 2 bathrooms, spanning the main level and finished basement, and rents for $1,600/month. Combined gross rental income is $2,450 per month, or $29,400 annually. Additional features include a large backyard and detached garage, a combination that's hard to find in this area. Located in a quiet, established neighborhood with convenient access to downtown Iowa City and shopping, this property offers a strong opportunity for an investor looking for an income-producing duplex with two established rental streams.Buyer to verify square footage and schools. Advance notice required for tenants.
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Additional Information
- Hoa Includes
- None
- Interior
- Other
- Amenities
- Other
- Heating
- NaturalGas, ForcedAir
- Basement Desc
- Full, SeeRemarks
- Exterior
- FrontPorch
- Parking
- DetachedGarage, OffStreet
- Elementary School
- Mann
- Middle School
- Southeast
- High School
- City
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Listing courtesy of Affinity Real Estate Services.