409 S 7th Avenue
Property Description
Welcome to this charming and well-located property in the heart of Iowa City right on a corner lot! This split-level home offers a unique investment or owner-occupant opportunity, currently split into two rentable units. A 2-bedroom 1-bathroom unit is located on the upper level. There is a one-bedroom/studio unit layout in the lower level. A one stall attached garage provides easy access to the lower-level unit, while the front door will easily take you to the upper unit. Each level has their own in-unit laundry and appliances. There is an additional one-stall garage that can be used as a workshop or storage unit, conveniently located on the neighboring lot with plenty of room for driveway parking and even gardening or entertaining with a spacious and manageable yard. Each unit is currently tenant occupied on a month-to-month lease, making this an excellent opportunity to expand your investment portfolio while making instant cash flow. This home can also easily be converted back into a home for owner occupancy. You could even live in one unit while renting out the other, making this versatile property full of potential! Just minutes from downtown, parks, and the University of Iowa, the location provides strong rental appeal with easy access to shopping, dining, and entertainment. Each unit offers comfortable living spaces, functional layouts, and great natural light, making it ideal for tenants or multi-generational living.
Broker Details
Graf Real Estate ERA Powered (319) 981-3702
MLS ID: C06060
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $299,950 |
| No. of Units: | 2 |
| Year Built: | 1992 |
| Lot Size: | 1,146.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $149,975 |
| Property Website | Click Here |
| Number of Bedrooms: | 2 |
| Number of Bathrooms: | 0 |
ID: 3yd-CRAARIA-2605493
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