1249 3rd Avenue Se, Cedar Rapids, IA

Multi-family for Sale - $270,000 - 2,776 Sq. Ft.


Agent Info

Beth Mackey
Coldwell Banker Hedges Realty

Property Info

CIMLS#1170409
Location
  1249 3rd Avenue Se
  Cedar Rapids IA 52403
UpdatedApril 30th, 2025
TypeMulti-family
Price$270,000
Building2,776 Sq. Ft.

Property Description

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.


Financials


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