720 E Avenue NW, Cedar Rapids, IA 52405

Price: $135,000.00


Subtype: Multi-Family

Area: NW Quadrant

Lot Size: 40

Acres: 0.1290

Year Built: 1900

Zoning: Res

Gross Tax: 3,347

County: Linn


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

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


Total Building Sq Ft: 1,848

Lease Terms

Tenant Pays: Electricity, Gas

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Investment Income! Clean & well taken care of tri- plex with vinyl siding, newer roof, updated windows, and completely updated after 2008. 2/3 units are occupied. The large main floor (unit 1) offers 2 bed, 1 large bath/laundry room, open floor plan front to back, back porch that leads to the back patio and alley. Second floor (Unit 2) offers an efficiency w/ a full kitchen w/ new refrigerator, and large ¾ bath that leads to a large closet which is currently vacant. (Unit 3) has a 1 bed, 1 bath with an updated kitchen. All units offer separate electric and gas meters. One water heater is located on the main floor. This property is a great jump start for a beginner investor.

Listing Agent: Jessica Tiernan Office: IOWA REALTY Data courtesy of Cedar Rapids Area Association of Realtors MLS