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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,360 sqft
Price per Sqft $89
MLS Listing ID 2606614
Sold Date 11/04/26
HOA Y/N No
Total Fin. Sqft 3360
Year Built 1979
Annual Tax Amount $4,377
Lot Size 7,710 Sqft
Acres 0.177
Property Sub-Type Multi Family
Property Description
All units are under lease at $750/month to 7/25/27. An exceptional turn-key addition to your real estate portfolio. This fully leased, low-maintenance 4-plex in Cedar Rapids features four identical 2-bedroom, 1-bathroom units with a strong rental history. Over the last five years, the property has undergone extensive capital improvements, including new luxury vinyl plank (LVP) flooring across all units (fully upgraded in 1 unit; kitchens and baths in the remaining 3) and completely modernized heating and hot water boiler systems. Savvy investors will recognize immediate upside, as current rents sit noticeably below market rates. In a high-demand, low-inventory market, a stabilized asset of this caliber won't last long. Contact the listing agent today to capture this premier value-add opportunity. * * 10/14/26-10/28/26 Please contact Lisa Nolan, 319-551-3206, lisa.nolan@realestateconcepts.net. Thanks! * *
Location
State IA
County Linn
Area Marion
Rooms
Basement Concrete
Interior
Interior Features InteriorFeatures
Heating Hot Water
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Parking Features Parking Space(s)
Water Access Desc Public
Total Parking Spaces 7
Building
Foundation Poured
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Novak
Middle Schools Excelsior
High Schools Linn Mar
Others
Tax ID 1125457902100000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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