717/719 E Jefferson St, Iowa City, IA 52246

Property Description

Front/back duplex investment opportunity just east of downtown Iowa City, within walking distance of the University of Iowa campus. Built in 1915, the property (2,975 SF) includes one 5BR/2BA unit and one 5BR/3BA unit on a 0.138-acre lot. Proforma NOI of $58,623 on a 6.90% cap rate. Strong, consistent rental demand in one of Iowa's strongest markets. Walkable to campus, Kinnick Stadium, Carver-Hawkeye Arena, City Park, and downtown amenities.