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704/706 Bowery Street

Iowa City, IA 52240
  • $350,000
  • STATUS: Active
  • ON SITE: 168 Days
  • MLS #: 2406087
UPDATED: 32 min ago
$350,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:

School Information

Elementary School:
Middle School:
High School:

Description

This income investment property located in downtown Iowa City presents a valuable opportunity for potential buyers looking to expand their real estate portfolio. The property, situated on a corner lot with close proximity to a bus stop, offers convenience and desirability. Featuring two units, each comprising 3 bedrooms and 1.5 bathrooms, this property provides flexible options for rental income. The kitchens come equipped with some appliances, offering functionality and convenience for the occupants. Notable updates include LVP flooring throughout both units and both water heaters have been recently replaced, with one updated in 2021 and the other in 2024. Convenience is further enhanced by the presence of a parking pad for each unit, providing off-street parking solutions for residents or tenants. Take advantage of this chance to own a property with dual rental units that can offer steady income and long-term benefits in a sought-after location.

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© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. Data last updated: 2025-02-18T23:42:49.757.
www.buyandselliowa.com/homes/154604913
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704/706 Bowery Street Iowa City, IA 52240

  • Price: $350,000
  • Status: Active
  • On Site: 168 Days
  • Updated: 32 min ago
  • MLS #: 2406087
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1984
Built
Neighborhood:
Iowa City/Coralville
County:
Johnson
Area:
Iowa City/Coralville
Elementary School:
Longfellow
Middle School:
Southeast
High School:
City
Property Description
This income investment property located in downtown Iowa City presents a valuable opportunity for potential buyers looking to expand their real estate portfolio. The property, situated on a corner lot with close proximity to a bus stop, offers convenience and desirability. Featuring two units, each comprising 3 bedrooms and 1.5 bathrooms, this property provides flexible options for rental income. The kitchens come equipped with some appliances, offering functionality and convenience for the occupants. Notable updates include LVP flooring throughout both units and both water heaters have been recently replaced, with one updated in 2021 and the other in 2024. Convenience is further enhanced by the presence of a parking pad for each unit, providing off-street parking solutions for residents or tenants. Take advantage of this chance to own a property with dual rental units that can offer steady income and long-term benefits in a sought-after location.
Exterior Features

Construction Materials Frame Wood Siding Parking Features Parking Space(s) Parking Total 2 Patio And Porch Features Deck Patio

Interior Features

Cooling Central Air Cooling YN Yes Heating Forced Air Gas Heating YN Yes

Property Features

Listing Terms Cash Conventional FHA VA Loan Possession Close Of Escrow Property Sub Type Multi Family Property Sub Type Additional Multi Family Sewer Public Sewer Tax Annual Amount 5695 Tenant Pays Electricity Gas Water Utilities Separate Meters Water Source Public Zoning Res Zoning Description Res

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Lexi Belland-Perez of LEPIC-KROEGER, REALTORS: 319-351-8811.
© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. Data last updated: 2025-02-18T23:42:49.757.
 
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Key Realty
4403 1st AV NE, STE 503
Cedar Rapids IA, 52402