$320,000
2.0 Units
MLS: 202605471
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.
MLS #: 202605471
Price: $320,000
Year Built: 1900
Income/Yr: $32,700.00
Expense/Yr: $0.00
Parking: Off Street
Basement: See Remarks
Total Sq Ft: 1616
Electric Expense: $1,700.00
Gas Annually: $1,000.00
Maint Expense: $1,500.00
Insurance Expense: $2,100.00
Gross Tax: $4,998.00
Units: 2.0
Laundry: In Basement
Energy Generation:
Heat/Cooling: Natural Gas, Forced Air
Elementary: Mann
Middle: Southeast
High: City
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Affinity Real Estate Services - Agent: Bryant Nicholson - Information furnished by Iowa City Area Association of Realtors