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Great Investment Opportunity on the SE side of Cedar Rapids! This well-maintained multifamily property features four fully leased units-three-1 bedroom units, and 1-3 bedroom unit. Each unit is individually metered for gas and electricity. Owner pays water/garbage/recycling, and common area heat and electric. A shared, coin-operated laundry is available in the basement for added tenant convenience. Recent improvements included a full renovation of unit 4, featuring all new windows, doors, and refrigerator, Two other units have received minor updates including three new windows, and the wooden entry steps to the building have been rebuilt. Located near schools, parks, and public transit, this property offers reliable rental income, and long-term investment potential.
| DAYS ON MARKET | 12 | LAST UPDATED | 5/9/2025 |
|---|---|---|---|
| TRACT | EPP'S FIRST STR/LB 2 | YEAR BUILT | 1910 |
| COMMUNITY | Out Of Area | COUNTY | Linn |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | GrantWood |
|---|---|
| Jr. High School | Mckinley |
| High School | Washington |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Microwave, Refrigerator, Washer |
| AREA | Out Of Area |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Brick, Frame, Vinyl Siding |
| HEAT | Forced Air |
| LOT DIMENSIONS | 46x116 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | TwoStories |
| SUBDIVISION | EPP'S FIRST STR/LB 2 |
| TAXES | 2206 |
| WATER | Public |
| ZONING | Residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Ross Nusser, Urban Acres Real Estate Corridor
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