$215,000
4.0 Units
MLS: 202503114
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.
MLS #: 202503114
Price: $215,000
Year Built: 1910
Income/Yr: $32,580.00
Expense/Yr: $0.00
Parking: On Street
Basement: Stone, Unfinished
Total Sq Ft: 2299
Electric Expense: $960.00
Gas Annually: $0.00
Maint Expense: $3,258.00
Insurance Expense: $3,000.00
Gross Tax: $2,206.00
Units: 4.0
Laundry: In Basement
Energy Generation:
Heat/Cooling: Forced Air, Window Units
Elementary: Grant Wood
Middle: Mckinley
High: Washington
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Urban Acres Real Estate Corridor - Agent: Ross Nusser - Information furnished by Iowa City Area Association of Realtors