121 S Governor St, Iowa City, IA 52240
121 S Governor St, Iowa City, IA 52240
121 S Governor St, Iowa City, IA 52240
121 S Governor St, Iowa City, IA 52240
121 S Governor St, Iowa City, IA 52240
121 S Governor St, Iowa City, IA 52240
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$ 244,900
Est. payment | /mo

2 Beds

1 Bath

864 SqFt


Save
$ 244,900
Est. payment | /mo
Save

2 Beds

1 Bath

864 SqFt

Key Details

Property Type Single Family Home

Sub Type Income Investment

Listing Status Active

Purchase Type For Sale

Square Footage 864 sqft

Price per Sqft $283

Subdivision Iowa City Original Town

MLS Listing ID 202601004

Style One Story

Bedrooms 2

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 864

Year Built 1952

Annual Tax Amount $2,956

Tax Year 2024

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 50x72

Property Sub-Type Income Investment

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.

Location

State IA

County Johnson

Zoning res

Direction North on Governor St. House is on the left between Washington St and College St.

Rooms

Basement Full, Unfinished

Interior

Interior Features Cable Available, Primary On Main Level, Kit Dining Rm Comb

Heating Forced Air, Natural Gas

Cooling Wall Window Units

Fireplaces Type None

Appliance Dishwasher, Dryer, Microwave, Range Or Oven, Refrigerator, Washer

Laundry In Basement

Exterior

Exterior Feature Deck, Front Porch

Parking Features Off Street

Community Features Close To School, On Bus Line, Park, Sidewalks, Street Lights

Utilities Available City Sewer, City Water

Total Parking Spaces 2

Building

Lot Description Less Than Half Acre, Level

Structure Type Vinyl,Frame

New Construction No

Schools

Elementary Schools Longfellow

Middle Schools Southeast

High Schools City

Others

HOA Fee Include None

Tax ID 1010479011

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Skogman Realty Co.

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Diana Salazar
Diana Salazar

Agent | License ID: S67677000

+1(319) 722-1022

2530 Corridor Way Suite 202, Caralville, Iowa, 52241, United States

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121 S Governor St