1249 3rd Ave SE, Cedar Rapids, IA 52403
MLS Number: 2503728 |
Subtype: Residential | Area: SE Quadrant
$
185,000
This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024, ensuring compliance with local housing codes and regulations. Each unit pays their own electric. Owner pays trash, water and common area electric.
Property
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County: Linn
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Lot Size: 40x140
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Acres: 0.1290
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Year Built: 1900
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Gross tax: $1,820.00
Building
Total Building SF: 2,776
Utilities
Utilities: Separate Meters
Heating/Cooling: Electric Heat, Wall/Window Unit(s)
Water Source: City Water
Sewer: City Sewer
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