Residential For Sale
2,748 Sqft - 3rd, Cedar Rapids, Iowa 52403
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Description

Investment Opportunity! 4-plex with solid cash flow! Comprised of two 1-bedroom units and 2 two-bedroom units. This is an ideal investment opportunity for first time investor – Located on the SE side of Cedar Rapids, near the med quarter and adjacent to St Paul’s church. New roof and other updates since owner purchased in 2023. Spacious backyard with detailed garage that is rented out to tenants. On site laundry. Perfect for a new owner to take over and begin generating income from day one. One upstairs unit will remain vacant for a short time to allow for showings Property is being sold AS IS. Gross Income: $30,360. Expenses: $22,284. Net Operating Income: $8,076. Bottom floor rent: $650 & $580. Top Floor: $600 & $700. Owner pays gas (heat)/water/garbage/snow removal/lawn care. Tenant pays electricity. Sold As Is.

Property Description

Investment Opportunity! 4-plex with solid cash flow! Comprised of two 1-bedroom units and 2 two-bedroom units. This is an ideal investment opportunity for first time investor – Located on the SE side of Cedar Rapids, near the med quarter and adjacent to St Paul’s church. New roof and other updates since owner purchased in 2023. Spacious backyard with detailed garage that is rented out to tenants. On site laundry. Perfect for a new owner to take over and begin generating income from day one. One upstairs unit will remain vacant for a short time to allow for showings Property is being sold AS IS. Gross Income: $30,360. Expenses: $22,284. Net Operating Income: $8,076. Bottom floor rent: $650 & $580. Top Floor: $600 & $700. Owner pays gas (heat)/water/garbage/snow removal/lawn care. Tenant pays electricity. Sold As Is.

Basic Details
Property Type:
Residential
Listing Type:
For Sale
Listing ID:
2501792
Price:
$165,000
Beds:
0
Total Full Baths:
0
Baths:
0
Half Bathrooms:
0
Square Feet:
2,748 Sqft
Construction Year:
1898
Lot Size:
0.13 Acre
Country:
US
State:
IA
County:
Linn
City:
Cedar Rapids
Zipcode:
52403
Status Category:
Active
Features
Heating:
Forced Air, Gas
Cooling System:
Wall/Window Unit(s)
Basement:
Crawl Space
Construction:
Frame, Wood Siding
Interior:
Storage
Address Map
Street:
3rd
Street Number:
1416/1418
Floor Number:
0
Longitude:
W92° 20' 51.5''
Latitude:
N41° 59' 6.8''
More Information
Office Name:
Key Realty
Agent Name:
Cindy Guckenberger
Elementary School:
Grant
Jr./Middle School:
Mc Kinley
High School:
Washington
Directions:
From 1st Ave NE, turn E on 14th St SE, turn Lt on 3rd Ave SE, house on the Lt
Zoning:
Res
Lot Dimensions:
5600
LA1Agent Logon Name:
guckenberger121
LA1Agent First Name:
Cindy
LA1Agent Last Name:
Guckenberger
LO1Main Office ID:
CKEYR
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Cindy Guckenberger
Key Realty
Additional Details
Wall/Window Unit(s)
Crawl Space
Frame, Wood Siding
Storage
03/17/2025
From 1st Ave NE, turn E on 14th St SE, turn Lt on 3rd Ave SE, house on the Lt
5600
Urban Acres Real Estate