1200 3rd Avenue Cedar Rapids, IA 52403

Price: $109,000.00


Subtype: Multi-Family

Area: SE Quadrant

Lot Size: 57

Acres: 0.0000

Year Built: 1900

Gross Tax: 2,756

County: Linn


Heating: Forced Air,Gas Heat,Window/Wall Air

Cooling: Forced Air,Gas Heat,Window/Wall Air


Total Building Sq Ft: 3,980

Lease Terms

Tenant Pays: Electricity

Location Location Location. If your searching for a prime opportunity to build some equity, this is for you. Tucked in the med quarter, this property has medical buildings almost surrounding it. Property being sold as-is. Currently 4 efficiency unity (1 bed/1 bath) on main level. 2nd level has 1 efficiency (1 bed/1 bath) and the whole rest of this floor (and attic space above) were being demo’d to make a large suite (size of about 2-3 units combined). With an amazing opportunity to own some desirable land or rehab the existing unit and build a cash cow investment property. The seller also owns the neighboring parcel which has 2 dwellings on it and also for sale (1210 and 1212 3rd Ave SE if you’re looking for an even bigger opportunity.

Listing Agent: Chad Gloede Office: RE/MAX CONCEPTS Data courtesy of Cedar Rapids Area Association of Realtors MLS