Residential For Sale
2,088 Sqft - Governor St, Iowa City, Iowa 52240
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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.

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.

Basic Details
Property Type:
Residential
Listing Type:
For Sale
Listing ID:
202503446
Price:
$319,000
Beds:
5
Total Baths:
2
Baths:
2
Half Bathrooms:
0
Square Feet:
2,088 Sqft
Construction Year:
1922
Lot Size:
0.17 Acre
Country:
US
State:
IA
County:
Johnson
City:
Iowa City
Zipcode:
52240
Status Category:
New Listing
Subdivision:
Berryhills 2nd Addition
Features
Heating:
Natural Gas
Cooling System:
Ceiling Fans
Parking:
Detached Carport
Basement:
Finished, Unfinished, Block
Exterior:
Deck, Front Porch, Fenced Yard
Construction:
Frame
Interior:
Other, Breakfast Area
Address Map
Street Number:
408
Street:
Governor St
Floor Number:
0
Longitude:
W92° 28' 38.9''
Latitude:
N41° 39' 22.4''
More Information
Office Name:
Lepic-Kroeger, REALTORS
Elementary School:
Longfellow
Jr./Middle School:
Southeast
High School:
City
Directions:
East on Burlington, South on Governor Street
Zoning:
Residential
Lot Dimensions:
40 x 189
LA1Agent Logon Name:
I1575
LA1Agent First Name:
Julie
LA1Agent Last Name:
Dancer
LO1Main Office ID:
ILKR
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Julie Dancer
Lepic-Kroeger, REALTORS
Additional Details
Ceiling Fans
Finished, Unfinished, Block
Deck, Front Porch, Fenced Yard
Frame
Other, Breakfast Area
05/24/2025
East on Burlington, South on Governor Street
40 x 189