931 Dewey St, Iowa City, IA 52240
931 Dewey St, Iowa City, IA 52240
931 Dewey St, Iowa City, IA 52240
931 Dewey St, Iowa City, IA 52240
931 Dewey St, Iowa City, IA 52240
931 Dewey St, Iowa City, IA 52240
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Tony Lueken

Tony Lueken

+1(319) 480-3875
$ 300,000
Est. payment | /mo
Save
$ 300,000
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 202605473

Style Two Stories

HOA Y/N No

Abv Grd Liv Area 1,400

Year Built 1900

Annual Tax Amount $4,124

Tax Year 2024

Lot Dimensions 66x166

Property Sub-Type Multi Family

Property 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.

Location

State IA

County Johnson

Zoning Residential

Direction Dewey St

Rooms

Basement Full, 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 Front Porch

Parking Features Detached Garage, Off Street

Community Features Other

Utilities Available City Sewer, City Water

Total Parking Spaces 3

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 1003484014

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Affinity Real Estate Services

NEARBY SCHOOL & BUSINESS

Tony Lueken

+1(319) 480-3875

tony@luekenre.com

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

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931 Dewey St