Properties

PROPERTY DETAILS
Property Description :

Investors, take note! This well-maintained property on 1st Ave presents an excellent opportunity. The main level features a versatile commercial space, previously used as a beauty salon, ideal for a variety of business ventures. The upper level offers two beautifully remodeled one-bedroom apartments, with a private entrance for added convenience and privacy.

The building is equipped with three newer furnaces and three newer central air units, all individually metered. Tenants are responsible for gas and electric, while the owner covers water and garbage.

Fully leased and generating income, this property is a turnkey investment. Schedule your private showing today!

Property Type : Residential
Listing ID : 2503852
Listing Type : For Sale
Price : $284,900
Year Built : 1956
Lot Area : 0.15 Acre
Building Area Total : 1904
Lease Amount Unit : Dollars Per Square Foot
Property Type : Multi Family
Area : NE Quadrant
Listing Status : Active
Property Sub Type : Multi Family
Property Subtype : Multi Family
Property Description

Investors, take note! This well-maintained property on 1st Ave presents an excellent opportunity. The main level features a versatile commercial space, previously used as a beauty salon, ideal for a variety of business ventures. The upper level offers two beautifully remodeled one-bedroom apartments, with a private entrance for added convenience and privacy.

The building is equipped with three newer furnaces and three newer central air units, all individually metered. Tenants are responsible for gas and electric, while the owner covers water and garbage.

Fully leased and generating income, this property is a turnkey investment. Schedule your private showing today!

Features
: Parking Space(s)
: Common Area
: Public Sewer
: Separate Meters
Address Map
US
IA
Linn
Cedar Rapids
52402
1st
3902
Avenue
Corner of 1st Ave & Kenmore St
NE Quadrant
NE
Commerci
Neighborhood
Kenwood
Washington
Franklin
More Information
SKOGMAN REALTY
Laura Merchan
$0
$0
$0
Additional Information
: Frame , Wood Siding
IRR
3
2025-05-28
https://www.propertypanorama.com/instaview/cdr/2503852
: Public
Financial
3584.0
Listing Information
MERCHANLAURA121
CSKN
Cash, Conventional
Active
2025-05-28T20:00:21Z
CDR
2025-05-28T13:20:28Z

3902 1st Avenue Ne, Cedar Rapids, Iowa 52402

3902 1st Avenue Ne, Cedar Rapids, Iowa 52402

  • Lot Area: 0.15 Acre
List Price: $284,900.00
Listing ID#2503852
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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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