1328 E Davenport St

Iowa City IA 52245

1616 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.