Residential Sale
864 Sqft - Governor St, Iowa City, Iowa 52240
Description
Investor alert. Well maintained two bedroom home in the heart of downtown Iowa City with a strong rental history. Currently leased through July 2027, with the potential for owner occupancy once the lease term expires. Rent is currently $1,400 and will increase to $1,650 starting 8/1/2026. The unfinished basement offers opportunity for future finished living space.
Property Description
Investor alert. Well maintained two bedroom home in the heart of downtown Iowa City with a strong rental history. Currently leased through July 2027, with the potential for owner occupancy once the lease term expires. Rent is currently $1,400 and will increase to $1,650 starting 8/1/2026. The unfinished basement offers opportunity for future finished living space.
Basic Details
Property Type:
Residential
Listing Type:
Sale
Listing ID:
202601004
Price:
$249,900
Beds:
2
Total Baths:
1
Baths:
1
Half Bathrooms:
0
Square Feet:
864 Sqft
Construction Year:
1952
Lot Size:
0.08 Acre
Country:
US
State:
IA
County:
Johnson
City:
Iowa City
Zipcode:
52240
Subdivision:
Iowa City Original Town
Property Sub Type:
IncomeInvestment
Features
Heating:
Natural Gas, Forced Air
Cooling System:
Wall Window Units
Parking:
Off Street
Basement:
Full, Unfinished
Exterior:
Deck, Front Porch
Construction:
Frame, Vinyl
Interior:
Kit Dining Rm Comb, Cable Available, Primary On Main Level
Address Map
Street Number:
121
Street Dir Prefix:
S
Street:
Governor St
Floor Number:
0
Longitude:
W92° 28' 36.7''
Latitude:
N41° 39' 33.6''
More Information
Office Name:
Skogman Realty Co.
Elementary School:
Longfellow
Jr./Middle School:
Southeast
High School:
City
Directions:
North on Governor St. House is on the left between Washington St and College St.
Zoning:
res
Lot Dimensions:
50x72
LA1Agent Logon Name:
I482
LA1Agent First Name:
Gwen
LA1Agent Last Name:
Johnson
LO1Main Office ID:
ISCR
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Gwen Johnson
Skogman Realty Co.
Additional Details
Wall Window Units
Full, Unfinished
Deck, Front Porch
Frame, Vinyl
Kit Dining Rm Comb, Cable Available, Primary On Main Level
02/05/2026
North on Governor St. House is on the left between Washington St and College St.
50x72
Urban Acres Real Estate