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1207 5th Avenue SE , Cedar Rapids, IA 52403

Price: $84,900.00

Property

Subtype: Multi-Family

Area: SE Quadrant

Lot Size: 30

Acres: 0.0000

Year Built: 1900

Gross Tax: 1,232

County: Linn

Utilities

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

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

Building

Total Building Sq Ft: 1,813

Lease Terms

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