Area: SE Quadrant
Lot Size: 30
Year Built: 1900
Gross Tax: 1,232
Heating: Forced Air,Gas Heat,Window/Wall Air
Cooling: Forced Air,Gas Heat,Window/Wall Air
Total Building Sq Ft: 1,813
Tenant Pays: Electricity
Investment property with immediate cash flow. Gross rent is $1,525 per month; building has historically had very low vacancy. Both apartments are currently rented month-to-month with long-term tenants. Tenants pay their own electric bills. Upstairs apartment: Recent updates are new shower and range, electrical panel with new meter boxes & utility hook-up; Ecobee thermostats.
Downstairs apartment: Recent updates are new refrigerator; electrical panel with new meter boxes & utility hook-up; Ecobee thermostats.
1 furnace & 1 water heater is shared between both units. Flat roof on rear of building replaced 2019. Detached garage is AS-IS. All appliances stay, but no warranty.
Listing Agent: Jennifer Burhans Office: COLDWELL BANKER HEDGES CORRIDOR Data courtesy of Cedar Rapids Area Association of Realtors MLS