Excellent income-producing true multifamily property with a desirable low unit count. All units are spacious 2-bedroom, 1-bath layouts featuring open-concept designs and oversized kitchens. Each unit includes a dishwasher, full appliance package, central air, and central heat, with many units recently updated. Proximity to downtown, NewBo, Kirkwood, and highway access drives strong rental demand. Each unit includes a dedicated parking space near the owner-provided dumpster. Electric and gas are separately metered, with the owner responsible only for common-area lighting and gas for the common-area water heater. The building features a metal roof, vinyl windows, security cameras, and on- and off-street parking. Units are also ideal for furnished rentals for traveling nurses or data-center professionals—one unit is already furnished and rented at $1,400 per month.
1119 3rd St Sw, Cedar Rapids, Iowa 52404 - Residential For Sale
1119 3rd St Sw, Cedar Rapids, Iowa 52404
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sales@twenty40concepts.com

