409 S 7th AVE, Iowa City, IA 52245
409 S 7th AVE, Iowa City, IA 52245
409 S 7th AVE, Iowa City, IA 52245
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$299,950
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1,146 SqFt
Price Dropped by $10K

409 S 7th AVE Iowa City, IA 52245

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Randon Hill

Randon Hill

+1(319) 777-2127

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,146 sqft

Price per Sqft $261

MLS Listing ID 2605493

HOA Y/N No

Total Fin. Sqft 1146

Year Built 1992

Annual Tax Amount $4,680

Lot Size 827 Sqft

Acres 0.019

Property Sub-Type Multi Family

Property Description

Welcome to this charming and well-located property in the heart of Iowa City right on a corner lot! This split-level home offers a unique investment or owner-occupant opportunity, currently split into two rentable units. A 2-bedroom 1-bathroom unit is located on the upper level. There is a one-bedroom/studio unit layout in the lower level. A one stall attached garage provides easy access to the lower-level unit, while the front door will easily take you to the upper unit. Each level has their own in-unit laundry and appliances. There is an additional one-stall garage that can be used as a workshop or storage unit, conveniently located on the neighboring lot with plenty of room for driveway parking and even gardening or entertaining with a spacious and manageable yard. Each unit is currently tenant occupied on a month-to-month lease, making this an excellent opportunity to expand your investment portfolio while making instant cash flow. This home can also easily be converted back into a home for owner occupancy. You could even live in one unit while renting out the other, making this versatile property full of potential! Just minutes from downtown, parks, and the University of Iowa, the location provides strong rental appeal with easy access to shopping, dining, and entertainment. Each unit offers comfortable living spaces, functional layouts, and great natural light, making it ideal for tenants or multi-generational living.

Location

State IA

County Johnson

Area Iowa City/Coralville

Zoning Res

Rooms

Other Rooms Shed(s)

Basement Full

Interior

Interior Features Storage

Heating Forced Air, Gas

Cooling Central Air

Fireplace No

Laundry In Unit

Exterior

Parking Features Parking Space(s)

Water Access Desc Public

Porch Deck, Patio

Total Parking Spaces 3

Garage Yes

Building

Sewer Public Sewer

Water Public

Additional Building Shed(s)

Structure Type Frame,Vinyl Siding

Schools

Elementary Schools Longfellow

Middle Schools Southeast

High Schools City

Others

Pets Allowed Yes

Tax ID 1014201001

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Pets Allowed Yes

Listed by GRAF REAL ESTATE, ERA POWERED

NEARBY SCHOOL & BUSINESS

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Randon Hill

Randon Hill

Agent | License ID: S67555

+1(319) 777-2127

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409 S 7th AVE