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 | |
Updated | April 30th, 2025 |
Type | Multi-family |
Price | $270,000 |
Building | 2,776 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.