3 months on rocket

704/706 Bowery St, Iowa City, IA, 52240

$350,000

Home List Price

$4,156*

Closing Credit

0 Baths
Multi

Location

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704/706 Bowery St, Iowa City$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParking Space(s)
Year Built1984
HeatingForced Air, Natural Gas
CoolingCentral Air
MLS #2406087
Lot Size0.13 Acres
StatusActive

About 704/706 Bowery St

This income investment property located in downtown Iowa City presents a valuable opportunity for potential buyers looking to expand their real estate portfolio. The property, situated on a corner lot with close proximity to a bus stop, offers convenience and desirability. Featuring two units, each comprising 3 bedrooms and 1.5 bathrooms, this property provides flexible options for rental income. The kitchens come equipped with some appliances, offering functionality and convenience for the occupants. Notable updates include LVP flooring throughout both units and both water heaters have been recently replaced, with one updated in 2021 and the other in 2024. Convenience is further enhanced by the presence of a parking pad for each unit, providing off-street parking solutions for residents or tenants. Take advantage of this chance to own a property with dual rental units that can offer steady income and long-term benefits in a sought-after location.

Property Details

Property Features

Property Information:

  • Year Built: 1984

Listing Office:

  • Office Name: LEPIC-KROEGER, REALTORS
  • Office Phone: (319) 351-8811
  • Listing Agent: Lexi Belland-Perez

Exterior Features

Parking Information:

  • Parking: Parking Space(s)

Virtual/3D Tour

  • Virtual Tour: 704/706 Bowery St
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Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
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Housing Market Comparison

See how this home compares to others in Iowa City, IA.

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Iowa City, IA

City

Med. Sold Price

$302.5K

Med. Price/SqFt

$169

Avg. Days On Market

40

# of Sold Homes

18

704/706 Bowery St vs Iowa City

91 DAYS ON ROCKET

+51 Days

$350,000

+$47.5K More

KEY TAKEAWAY

This property is $47.5K more than the Median Sold Price in Iowa City, IA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CDR
  • MLS Number: #2406087

Listing Office:

  • Office Name: LEPIC-KROEGER, REALTORS
  • Office Phone: (319) 351-8811
  • Listing Agent: Lexi Belland-Perez

IDXProvided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2024 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2024, 3:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-80190
5
/10

  • Longfellow Elementary School

  • 1130 Seymour Ave

  • 0.33 miles

  • Public District Grades KG-6

school-card-donut-80191
3
/10

  • Mark Twain Elementary School

  • 1355 Deforest Ave

  • 0.85 miles

  • Public District Grades PK-6

school-card-donut-80192
6
/10

  • Horace Mann Elementary School

  • 521 N Dodge St

  • 0.96 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,778. Typical income of Iowa City, IA residents is less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Iowa›Johnson County›Iowa City›52240›704/706 Bowery St

This home is located at 704/706 Bowery St in Iowa City, IA and zip code 52240 in the Downtown neighborhood. This home, which was built in 1984, sits on a 0.13 acre lot. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $350,000.

Over 0 listings were sold over their listed price in November 2024 in Iowa City, IA. In the same period over 12 listings were sold below the listed price and 6 listings were sold for the listed price. The inventory of homes for sale in Iowa City, IA between October 2024 and November 2024 decreased by 2.4%. Listings spent 40 days on the market in November 2024, and had a median list price of $302,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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