Iowa City · Johnson County · new
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.
No seller disclosure is attached to this listing in the MLS. Ask the listing agent for the Seller’s Property Disclosure Statement before you write an offer.
Read the full disclosure yourself. This is an automated summary of one document, not the document itself, and not legal, structural, or inspection advice. It cannot show which boxes the seller checked, and it may miss or misread items. You must read the complete Seller’s Property Disclosure Statement before you make an offer and before you decide whether to order or waive any inspection. Waiving an inspection on the strength of this summary is not something we can support.
Documents are supplied by the listing brokerage through the ICAAR MLS and are reproduced here as filed. They are deemed reliable but not guaranteed.
1328 E Davenport St, Iowa City, IA, 52245
