408 S Governor St, Iowa City

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$319,000 - 2088 Sq Ft - 5 bed 2 bath - MLS: 202503450

Investment opportunity in this 5 bdrm/2 bath home just steps from downtown Iowa City! Discover an exceptional rental house (or can be SF) in vibrant Iowa City, offering a blend of comfortable living and prime location, ideal for owner-occupants looking to offset their mortgage with rental income or savvy investors seeking a consistent return. Key features: ample space for tenants with generous bedrooms, enjoy the convenience and extra storage of a detached garage, plus an unbeatable location with quick access to shops, restaurants, entertainment, and the U of IA campus. Outdoor charm to relax and entertain on the inviting front porch or in the private backyard, complete with ready-to-use garden planters. This turnkey investment has an active rental permit and a proven history of renters, ensures immediate income potential. With new HVAC, recent updates to the kitchen, new appliances, and fresh paint throughout, it's move in ready. Imagine owning your home while roommates help you pay down your mortgage - a chance to transition from renter to homeowner, building equity and securing your financial future.

      
Directions: East on Burlington, South on Governor Street

Property Details

MLS #: 202503450
Price: $319,000
Year Built: 1922
Bedrooms: 5
 - Upper: 3.0
 - Main: 0.0
 - Lower: 2.0
Total Baths: 2
 - Upper Half: 0.0 ▪ Full: 1.0
 - Main: Half: 0.0 ▪ Full: 0.0
 - Lower: Half: 0.0 ▪ Full: 1.0
Building Style: Two Stories
Basement: Block, Finished, Unfinished
Total Sq Ft: 2088
Above Ground: 1392
Finished Lower: 696
Lot Size: 40x189
Fireplaces: 1
Parking: Detached Carport
Kitchen: Main Level
Dining Room: Main Level
Living Room: Main Level
Primary Bedroom: Upper Level
Heat/Cooling: Natural Gas, Ceiling Fans
Elementary: Longfellow
Middle: Southeast
High: City

Information deemed reliable but not guaranteed


Who To Contact

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Edge Realty Group

319-351-3355
 
info@edge-realtygroup.com


 Listing Office: Lepic-Kroeger, REALTORS - Agent: Julie Dancer - Information furnished by Iowa City Area Association of Realtors