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.

Listing ID #202503446

Residential For Sale

408 Governor St
Iowa City, Iowa 52240

$319,000
Beds5
Total Baths2
Square Feet2,088
Construction Year1922
Lot Size0.17 Acre
Country : US
State : IA
County : Johnson
City : Iowa City
Zipcode : 52240
Status CategoryNew Listing
Listing Agent
Julie Dancer
Lepic-Kroeger, REALTORS
Features
202503446
Residential
5
2
2,088 Sqft
1922
Detached Carport
Finished, Unfinished, Block
Deck, Front Porch, Fenced Yard
Frame
East on Burlington, South on Governor Street
Additional Details
0.17 Acre
Ceiling Fans
Natural Gas
Other, Breakfast Area
05-24-2025
40 x 189

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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