Contact us: 563.441.1776
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.
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 864
Garage Size: 2
Built in 1952
Elementary School: Longfellow
High School: City
Middle School: Southeast
General Information
Bedrooms: 2
Bathrooms: 1
Sqft: 864
County: Johnson
High School: City
Listed By:
SKOGMAN REALTY
Gwen Johnson
319-625-6427
Cedar Rapids MLS
MLS ID: 2604563
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121 S Governor St , Iowa City, IA 52240.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $244,900 | $244,900 | $244,900 |
| Down Payment | $48,980 | $8,572 | $61,225 |
| Monthly Mortgage Amount | $1,190 | $1,461 | $1,513 |
| Taxes | $341 | $341 | $341 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $108 | $0 |
| Monthly Estimated Total | $1,631 | $2,010 | $1,954 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 07/06/2026. The listing information on this page last changed on 07/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 07/06/2026 1:06:01 AM EST) or MRED MLS (last updated Mon 07/06/2026 1:00:52 AM EST) or SCWMLS (last updated Sun 07/05/2026 11:54:31 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 07/05/2026 10:16:09 PM EST) or Cedar Rapids MLS (last updated Sun 07/05/2026 10:44:12 PM EST) or NEIRBR MLS (last updated Mon 07/06/2026 12:58:41 AM EST) or ICAAR MLS (last updated Sun 07/05/2026 11:37:27 PM EST) or ECIMLS (last updated Sun 07/05/2026 11:44:19 PM EST) or RMLSA (last updated Mon 07/06/2026 1:00:57 AM EST) or Muscatine MLS (last updated Mon 07/06/2026 1:00:09 AM EST) or No Coast MLS (last updated Mon 07/06/2026 12:44:18 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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