$300,000
2.0 Units
MLS: 202605473
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.
MLS #: 202605473
Price: $300,000
Year Built: 1900
Income/Yr: $29,400.00
Expense/Yr: $0.00
Parking: Detached Garage, Off Street
Basement: Full, See Remarks
Total Sq Ft: 1400
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $1,500.00
Insurance Expense: $2,200.00
Gross Tax: $4,124.00
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