619 E Burlington Street Iowa City IA 52240
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619 E Burlington Street Iowa City IA 52240
Front/back duplex investment opportunity just east of downtown Iowa City, within walking distance of the University of Iowa campus. Built in 1915, the property (2,975 SF) includes one 5BR/2BA unit and one 5BR/3BA unit on a 0.138-acre lot. Proforma NOI of $58,623 on a 6.90% cap rate. Strong, consistent rental demand in one of Iowa's strongest markets. Walkable to campus, Kinnick Stadium, Carver-Hawkeye Arena, City Park, and downtown amenities.
MLS#
2604997
Price
$725,000
Status
Active
Property Type
Residential
Property Subtype
Multi Family
Property Features
Lot Size:
0.155 Acres
Taxes
$8,603
Property Descriptions
Parcel#
1010463004
Lot Dimensions:
0.155 Acres
Total Building Square Footage:
2,471 /SF
Sewer
Public Sewer
Water
Public
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