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Tony Lueken

tony@luekenre.com +1(319) 480-3875

$ 320,000

Est. payment | -/mo

Save

$ 320,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Unknown

MLS Listing ID 202605471

Style Two Stories

HOA Y/N No

Abv Grd Liv Area 1,616

Year Built 1900

Annual Tax Amount $4,998

Tax Year 2025

Lot Dimensions 54x125

Property Sub-Type Multi Family

Property Description

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.

Location

State IA

County Johnson

Zoning Residential

Direction E Davenport St

Rooms

Basement See Remarks

Interior

Interior Features Other

Heating Natural Gas, Forced Air

Flooring Carpet, Vinyl

Fireplaces Type None

Appliance Range Or Oven, Refrigerator, Dryer, Washer

Laundry In Basement

Exterior

Exterior Feature Deck, Fenced Yard

Parking Features Off Street

Community Features Sidewalks

Utilities Available City Sewer, City Water

Building

Structure Type Vinyl,Frame

New Construction No

Schools

Elementary Schools Mann

Middle Schools Southeast

High Schools City

Others

HOA Fee Include None

Tax ID 1011277004

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Affinity Real Estate Services

NEARBY SCHOOL & BUSINESS

+1(319) 480-3875

tony@luekenre.com

4515 N River Blvd NE, Cedar Rapids, IA 52411, USA

1328 E Davenport St Iowa City, IA 52245