Properties

PROPERTY DETAILS
Property Description :

Fully rented 4-pex with solid cash flow! This Four-plex has two 1 -bedroom units and 2 two-bedroom units. This is an ideal investment opportunity for first time investor – great cash flow. 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 unit and basement will be shown with 48 hours notice. Remaining units will be shown with accepted offer. Property is being sold AS IS.

Property Type : Residential
Listing ID : 2407339
Listing Type : For Sale
Price : $170,000
Year Built : 1898
Lot Area : 0.13 Acre
Building Area Total : 2748
Lease Amount Unit : Dollars Per Square Foot
Property Type : Multi Family
Area : SE Quadrant
Listing Status : Active
Property Sub Type : Multi Family
Property Subtype : Multi Family
Property Description

Fully rented 4-pex with solid cash flow! This Four-plex has two 1 -bedroom units and 2 two-bedroom units. This is an ideal investment opportunity for first time investor – great cash flow. 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 unit and basement will be shown with 48 hours notice. Remaining units will be shown with accepted offer. Property is being sold AS IS.

Features
: Storage
: Common Area
: Public Sewer
: Separate Meters
Address Map
US
IA
Linn
Cedar Rapids
52403
3rd
1416
Avenue
From 1st Ave NE, turn E on 14th St SE, turn Lt on 3rd Ave SE, house on the Lt
SE Quadrant
SE
Res
Neighborhood
Grant
Washington
Mc Kinley
More Information
Market Real Estate Group
Cindy Guckenberger
$0
$0
$0
Additional Information
: Frame , Wood Siding
5600
3
2024-10-21
https://www.propertypanorama.com/instaview/cdr/2407339
: Public
Financial
1949.0
Listing Information
guckenberger121
CMREG
Cash, Conventional
Active
2024-10-21T21:00:29Z
CDR
2024-10-21T14:01:56Z

1416 3rd Avenue Se, Cedar Rapids, Iowa 52403

1416 3rd Avenue Se, Cedar Rapids, Iowa 52403

  • Lot Area: 0.13 Acre
List Price: $170,000.00
Listing ID#2407339
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Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

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