Property Description

Investment Opportunity! This well-maintained 4-plex offers a fantastic opportunity for investors seeking steady rental income. Conveniently located in Southeast Cedar Rapids, this property is fully occupied with long-term tenants. The property features three 2 bed/1bath units, and one 1bed/1bath unit. Landlord pays water and gas, tenants pay electricity. New roof installed in 2023 and a new concrete walkway was completed in 2022. Don’t mis this opportunity to own a sold multi-family investment!

Features
: Hot Water
: Public Sewer
Address Map
IA
Linn
Cedar Rapids
52403
5th
1541
Avenue
W92° 21' 2.3''
N41° 58' 57.1''
From First Ave SE, turn south onto 15th St SE, turn east onto 5th Ave SE, building will be on your right.
SE Quadrant
SE
Resident
Neighborhood
Johnson
Washington
Mc Kinley
MLS Addon
Urban Acres Real Estate Corridor
Ross Nusser
$0
$0
$0
$0
$0
Additional Information
: Frame, Aluminum Siding
5600
4
2025-01-14
225
https://www.propertypanorama.com/instaview/cdr/2500262
: Public
Financial
3216.0
Listing Information
NUSSERROSS121
CURB
Cash, Conventional
Active
2025-01-15T14:59:47Z
CDR
2025-01-14T12:16:14Z

1541 5th Avenue Se, Cedar Rapids, Iowa 52403 - Residential For Sale

1541 5th Avenue Se, Cedar Rapids, Iowa 52403

1,680
$225,000
Listing ID #2500262
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2500262
Price : $225,000
Square Footage : 1,680
Year Built : 1961
Lot Area : 0.13 Acre
Status : Active
F 150 : Parking Space(s)
Property Sub Type : Multi Family
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent