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931 Dewey St Iowa City, IA 52240 • Multi Unit - Multiple • Active

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Description

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.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 4
Bathrooms: 3
County: Johnson
High School: City
Subdivision: Unknown
Listed By:
Affinity Real Estate Services Bryant Nicholson 319-393-0814
ICAAR MLS

Units

Unit 1:
Bedrooms: 3
Baths Full: 2
Rent: $1600.00
Unit 2:
Bedrooms: 1
Baths Full: 1
Rent: $850.00
$300,000
Est. $2,035/mo
4beds
3baths
New to the Market Active
BEDS4 BATHS3 full MLS#202605473
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONUnknown
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Agent Name: Legacy Real Estate Legacy Real Estate Team
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Agency Title: Ruhl&Ruhl Realtors
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931 Dewey St, Iowa City, IA 52240.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $300,000$300,000$300,000
Down Payment $60,000$10,500$75,000
Monthly Mortgage Amount $1,517$1,862$1,884
Taxes $418$418$418
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$132$0
Monthly Estimated Total $2,035$2,512$2,402

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