Properties

PROPERTY DETAILS
Property Description :

This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024, ensuring compliance with local housing codes and regulations. Each unit pays their own electric. Owner pays trash, water and common area electric.

Property Type : Residential
Listing ID : 2503728
Listing Type : For Sale
Price : $255,000
Year Built : 1900
Lot Area : 0.13 Acre
Building Area Total : 2776
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

This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024, ensuring compliance with local housing codes and regulations. Each unit pays their own electric. Owner pays trash, water and common area electric.

Features
: Parking Space(s)
: Common Area
: Public Sewer
: Separate Meters
Address Map
US
IA
Linn
Cedar Rapids
52403
3rd Ave SE
1249
1st Ave to S on 19th, W on 3rd
SE Quadrant
Neighborhood
Johnson
Washington
Mc Kinley
More Information
COLDWELL BANKER HEDGES
Beth Mackey
$0
$0
$0
Additional Information
: Frame , Wood Siding
40x140
5
2025-05-22
: Public
Financial
1820.0
Listing Information
MACKEYBETH121
CHED01
Cash, Conventional
Active
2025-05-22T14:59:35Z
CDR
2025-05-22T08:07:00Z

1249 3rd Ave Se, Cedar Rapids, Iowa 52403

1249 3rd Ave Se, Cedar Rapids, Iowa 52403

  • Lot Area: 0.13 Acre
List Price: $255,000.00
Listing ID#2503728
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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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