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931 Dewey St

Iowa City IA 52245

3
1400 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

3 carspaces
1400 sq. ft. floor area
Multi-Family

Property history for 931 Dewey St

2018
Sold
$250,000
02 Jan 2018 by MATTHEW LEPIC, of Lepic-Kroeger Corridor, Realtors

Happy sellers in Iowa City

90%
90% of sellers in Iowa City reported that their sale price either exceeded or met their price expectations.

Iowa City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Iowa City over the last 12 months.

Local market activity for multi families in Iowa City

In the last 12 months, 8 multi families similar to 931 Dewey St, have been sold.

This represents a 133% decrease in multi families sales when compared to the previous 12 months.

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(619) 566-0008
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