415 Governor St Iowa City, IA 52245
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.
Cap rate
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Property description
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