For Sale

Listed by Bryant Nicholson from Affinity Real Estate Services

Source: Iowa City Area Association of REALTORS® #202605473

931 Dewey St, Iowa City, IA, 52245

$300,000

3
1400 sq. ft.

MultiFam

3 days on the market

What's around 931 Dewey St

About this property

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.

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