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1635 B Avenue NE , Cedar Rapids, IA 52402

Price: $499,000.00

Property

Subtype: Multi-Family

Area: NE Quadrant

Lot Size: 0

Acres: 0.1720

Year Built: 1890

Zoning: TRF

Gross Tax: 1,932

County: Linn

Utilities

Heating: Gas Heat

Cooling: Gas Heat

Building

Total Building Sq Ft: 2,800

Lease Terms

Tenant Pays: Electricity

**This property is being sold as a portfolio and includes 1627 2nd Ave SE (14221-35006-00000) and 630/632 6th Ave, Marion (14011-16004-00000). List price includes all 3 properties.** Properties are being sold “As Is”. Buyers can do inspections for their own information only. Two (1-bedroom), One efficiency and One (2-bedroom) unit. 4 outdoor parking spot plus a 2-stall garage. A 5th unit is separated off and ready to be finished for additional income. The property has a new furnace and electrical meter stack. It will be getting a new roof and portions of the vinyl siding will be replaced from the Derecho. Rents are as follows: Unit 1 ($495), Unit 2 ($450), Unit 3 ($625), Unit 4 ($495). Landlord pays gas, water and trash. Tenants pay electric. Property is due for inspection 3/30/2022.

Listing Agent: Angie Glick Office: GLD COMMERCIAL Data courtesy of Cedar Rapids Area Association of Realtors MLS