1416 3rd Avenue SE, Cedar Rapids, IA 52403
MLS Number: 2407339 |
Subtype: Residential | Area: SE Quadrant
$
170,000
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 take over and begin generating income from day one. One unit and basement will be shown with 48 hours notice. Remaining units will be shown with accepted offer. Property is being sold AS IS.
Property
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County: Linn
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Lot Size: 5600
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Acres: 0.1290
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Year Built: 1898
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Zoning: Res
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Gross tax: $1,949.00
Building
Total Building SF: 2,748
Utilities
Utilities: Separate Meters
Heating/Cooling: Forced Air Heat, Gas Heat, Wall/Window Unit(s)
Water Source: City Water
Sewer: City Sewer
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