408 S Governor St, IA 52240
408 S Governor St, IA 52240
408 S Governor St, IA 52240
408 S Governor St, IA 52240
408 S Governor St, IA 52240
408 S Governor St, IA 52240
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$ 319,000
Est. payment | /mo

5 Beds

2 Baths

2,088 SqFt


Save
$ 319,000
Est. payment | /mo
Save

5 Beds

2 Baths

2,088 SqFt

Key Details

Property Type Single Family Home

Sub Type Income Investment

Listing Status Pending

Purchase Type For Sale

Square Footage 2,088 sqft

Price per Sqft $152

Subdivision Berryhills 2Nd Addition

MLS Listing ID 202503450

Style Two Stories

Bedrooms 5

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,392

Year Built 1922

Annual Tax Amount $4,979

Tax Year 2023

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 40 x 189

Property Sub-Type Income Investment

Property Description

Investment opportunity in this 5 bdrm/2 bath home just steps from downtown Iowa City! Discover an exceptional rental house (or can be SF) in vibrant Iowa City, offering a blend of comfortable living and prime location, ideal for owner-occupants looking to offset their mortgage with rental income or savvy investors seeking a consistent return. Key features: ample space for tenants with generous bedrooms, enjoy the convenience and extra storage of a detached garage, plus an unbeatable location with quick access to shops, restaurants, entertainment, and the U of IA campus. Outdoor charm to relax and entertain on the inviting front porch or in the private backyard, complete with ready-to-use garden planters. This turnkey investment has an active rental permit and a proven history of renters, ensures immediate income potential. With new HVAC, recent updates to the kitchen, new appliances, and fresh paint throughout, it's move in ready. Imagine owning your home while roommates help you pay down your mortgage - a chance to transition from renter to homeowner, building equity and securing your financial future.

Location

State IA

County Johnson

Zoning Residential

Direction East on Burlington, South on Governor Street

Rooms

Basement Block, Finished, Unfinished

Interior

Interior Features Other, Breakfast Area

Heating Natural Gas

Cooling Ceiling Fans

Flooring Wood

Fireplaces Number 1

Fireplaces Type Living Room

Appliance Range Or Oven, Refrigerator, Dryer, Washer

Laundry In Basement

Exterior

Exterior Feature Deck, Fenced Yard, Front Porch

Parking Features Detached Carport

Community Features Street Lights, Close To School, On Bus Line

Utilities Available City Sewer, City Water

Total Parking Spaces 3

Building

Lot Description Less Than Half Acre

Structure Type Frame

New Construction No

Others

HOA Fee Include None

Tax ID 1015101006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Lepic-Kroeger, REALTORS

NEARBY SCHOOLS & PROPERTIES

JJ Johannes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(319) 540-1002

jj@thejohannesgroup.com

360 White Pine Street, Robins, IA, 52328, United States

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408 S Governor St