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619 E Burlington Street Iowa City, IA 52240 • Multi Unit - Multiple • Active

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Description

Front/back duplex investment opportunity just east of downtown Iowa City, minutes from the University of Iowa campus. Built in 1900, the property (2,471 SF) includes one 4BR/3BA unit and one 3BR/2BA unit on a 0.155-acre lot. Proforma NOI of $39,427 on a 5.44% cap rate. Strong, consistent rental demand in one of Iowa’s most established rental markets. Close to campus, University of Iowa Health Care, Kinnick Stadium, Carver-Hawkeye Arena, City Park, and downtown amenities.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 2,471
County: Johnson
High School: City
Listed By:
Skogman Realty Co Tiffany Earl Williams-WSG CRE 319-363-8286
Cedar Rapids MLS
$725,000
Est. $5,030/mo
2,471sqft
Active
BEDS0 BATHS SQUARE FEET2,471 MLS#2604997
STATUSActive PROPERTY TYPEMulti Unit - Multiple
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Shown By

Agent Name: Aryan Makkar
 Agent Phone: (563) 571-5978
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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619 E Burlington Street, Iowa City, IA 52240.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $725,000$725,000$725,000
Down Payment $145,000$25,375$181,250
Monthly Mortgage Amount $3,810$4,676$4,662
Taxes $1009$1009$1009
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$319$0
Monthly Estimated Total $5,030$6,215$5,882

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