Description
Charming up/down duplex investment opportunity just blocks from the University of Iowa and downtown Iowa City. Built in 1900, this classic 2-unit property (2,557 SF) sits on a 0.165-acre lot in one of Iowa's most established rental markets. Proforma NOI of $37,567 on a 6.01% cap rate. Walkable to campus, UI Health Care, City Park, and the Pedestrian Mall district. Strong, consistent rental demand from students, faculty, and healthcare professionals.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 2,557
County: Johnson
High School: City
Listed By:
SKOGMAN REALTY COMMERCIAL
Tiffany Earl Williams-WSG CRE
319-363-8286
Cedar Rapids MLS
MLS ID: 2604993
Shown By
Agent Name: Nathan Stout
Agent Phone: (309) 507-0571
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Nathan Stout
Agent Phone: (309) 507-0571
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
230 S Dodge Street, Iowa City, IA 52240.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $625,000 | $625,000 | $625,000 |
| Down Payment | $125,000 | $21,875 | $156,250 |
| Monthly Mortgage Amount | $3,119 | $3,779 | $3,893 |
| Taxes | $870 | $870 | $870 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $275 | $0 |
| Monthly Estimated Total | $4,171 | $5,106 | $4,945 |