1027 3rd Ave, Iowa City

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$239,900
2.0 Units
MLS: 202403002

Great up/down duplex in the Longfellow District with fantastic long term tenants! Both units offer 2 bedrooms, 1 full bath, kitchen with eating area, living room, & built-ins. The main floor unit also has access to the front screen porch. The lowest level houses two laundry units, a walk-in shower + utilities & storage for tenants. The detached 3 stall garage offers extra income opportunity. Unit 1 tenant uses one of the garage stalls in exchange for snow removal, while 2 of the garage stalls are not occupied and could be rented out separately for additional income. 24 hour notice required for showings. Rented until 2025. Active rental permit. One seller is related to listing agent. Unit 1 rent is $910/mo and Unit 2 rent is $950/mo.

      
Directions: 1st Ave, West on H St, house is on corner of H St & 3rd Ave.
CCB: 3%

Property Details

MLS #: 202403002
Price: $239,900
Year Built: 1910
Income/Yr: $22,320.00
Expense/Yr: $0.00
Parking: Detached Carport
Basement: Block, Full
Total Sq Ft: 1344
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $0.00
Insurance Expense: $0.00
Gross Tax: $3,978.00
Units: 2.0
Laundry: In Basement, Laundry Room
Energy Generation:
Heat/Cooling: Window Units
Elementary: Longfellow
Middle: Southeast
High: City

Information deemed reliable but not guaranteed


Who To Contact

Agent Photo

Tim Lehman

319-331-7900
319-351-3355
tlehman@edge-realtygroup.com
Agent Profile

Agent Photo

Stacy Schroeder, CRS, REALTOR

319-321-7909
319-351-3355
stacy@edge-realtygroup.com
Agent Profile