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    415 Governor St Iowa City, IA 52245

    Sponsored
    For Sale
    $419,900

    Goosetown gem: 4-bed, 2-unit multifamily.

    Property size:
    2,496 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This charming, updated 2-story home at 415 N Governor St, Iowa City, IA 52245, presents a fantastic investment opportunity. Boasting 2,496 square feet, this Class B multifamily property features two units, each with its own full kitchen. The main level kitchen and the basement kitchen both include sleek stainless steel appliances, granite countertops, and subway tile backsplashes. The four bedrooms and three bathrooms provide ample space, ideal for student housing or a multi-generational living arrangement. The versatile basement, complete with a modern kitchen, could function as an in-law suite, a separate rental unit, or a large entertainment area. Located in the desirable Goosetown neighborhood, this property offers exceptional convenience, being within walking distance of downtown Iowa City, the University of Iowa campus, parks, and trails. The property is currently permitted for rental use, making it ready for immediate income generation. This property offers a unique blend of modern updates and timeless charm, making it an attractive investment in a thriving Iowa City location. The asking price is $419,900, with a price per square foot of $168.23. The APN is 1010182014. This is a turnkey opportunity not to be missed.

    Property Features for 415 Governor St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,496 SF
    Class
    B

    Building Details

    Units
    2

    HighLights

    • Turnkey investment opportunity in desirable Goosetown neighborhood.
    • Two‑unit, 2,496 sq ft Class B multifamily property.
    • Each unit features a full kitchen with stainless steel appliances and granite countertops.
    • Four bedrooms and three bathrooms.
    • Versatile basement with a full kitchen, ideal for in‑law suite or additional rental unit.
    • Walking distance to downtown Iowa City and University of Iowa.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dormitories

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.52283498118
    Latitude
    41.666267954102

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    FAQs

    What type of property is this?
    Multifamily property - Goosetown gem: 4-bed, 2-unit multifamily.
    Where is this multifamily property located?
    The property is located at 415 Governor St Iowa City, IA.
    What is the asking price?
    The asking price for this property is $419,900.
    What are key features of this property?
    This property features: Turnkey investment opportunity in desirable Goosetown neighborhood.; Two-unit, 2,496 sq ft Class B multifamily property.; Each unit features a full kitchen with stainless steel appliances and granite countertops.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    415 Governor St Iowa City, IA 52245
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