Historic building restored by seller to create commercial salon space & 2 apartments. Numerous improvements exterior parking shared with adjacent properties w/10 car overflow lot across street. Apartments are a large second floor 1 bedroom and small first floor studio. Basement storage available. Rents generated monthly are $2300 with increases annually potential.
Commercial lot located on the south side of Highway 30 next to Prairie Creek Dental, Phillips 66 and The Gardens of Cedar Rapids. Current zoning is Traditional Mixed Use Limited (T-ML) which supports a variety of uses. Exceptional visibility along Hwy 151 with immediate interstate access. Traffic counts on Hwy 151 in excess of 16,000 vehicles per day at this location.
Potential uses: Multifamily, Commercial Storage. City approval for specific building size and location.
This Side by Condo is charming and in great shape. Long term tenants that have taken nice care of this property. There is a big front yard and back yard. Laundry is on site in a shared basement. Upper unit is huge could be a 4 bed and had many updates to it this past 5 years. Down stairs unit went thru a remodel in 2022. Priced to sell with room for Value add and rent increases
Fully rented 4-pex with solid cash flow! This Four-plex has two 1 -bedroom units and 2 two-bedroom units. This is an ideal investment opportunity for first time investor - great cash flow. Located on the SE side of Cedar Rapids, near the med quarter and adjacent to St Paul’s church. New roof and other updates since owner purchased in 2023. Spacious backyard with detailed garage that is rented out to tenants. On site laundry. Perfect for a new owner to...
FULLY LEASED 5 Unit property with one 1 Bed/1 Bath on the main level and 4 efficiency units with shared bathroom. Long term tenant in 1 Bedroom unit for $472.00. Efficiencies leased out at $395 per month. Gross rents for this building $2052.00. Boiler less than 2 years old. Recently painted and newer flooring. Metal roof. Shared laundry in adjacent building. Owner pays all utilities. Must be purchased with adjacent property 317 8th St SE, Cedar Rapids MLS #2406835 parcel...
3 Units in this investment building. Two 2 Bedroom/1 Bath units on the main floor. Upper level has a 2 Bedroom, 2 Bath unit with an outdoor deck. Unit 1 $650, Unit 2 $600, Unit 3 $775, with room for increased rents. All tenants are Month to Month. Metal Roof. Must be purchased with Adjacent Property 728 4th Ave SE parcel 14214-80001-00000. 24 Hour notice for all showings.
Land lease opportunity. $150,000/year NNN. Shovel-ready commercial building site strategically located at the intersection of I-380 and Wright Brothers Blvd SW. Well suited for C-store, quick-serve restaurant or retail/sales and service operation. High traffic and high visibility with Average Daily Traffic in excess of 25,000 vehicles at this corner. This intersection is so hot the DOT and the City of Cedar Rapids are working together on a newly engineered traffic design system that will include multiple improvements, such as a...
Fantastic investment opportunity in a well-maintained triplex located in a desirable neighborhood! This income-generating property offers three units: a 1-bedroom, a 2-bedroom, and a spacious 3-bedroom apartment. Each unit has been thoughtfully designed with comfortable living spaces, and the property boasts low-maintenance vinyl siding and many newer vinyl windows. A parking pad provides ample off-street parking for tenants. With steady rental income and great curb appeal, this property is an excellent addition to any investor’s portfolio
Seller will consider contract sale: 10% down payment, 6.5% interest, 25 year amortization, 3 year balloon. Interest to adjust in 2026. All buyer subject to credit and financial check. Contract to contain personal guaranty.
For additional listings throughout Linn and/or Johnson counties, please contact GLD at 319.731.3400.