Welcome or Register
Back to Home Page
$99,900 For Sale

716 E Avenue NW
Cedar Rapids, IA 52404

3 units | Multi Family Home - MLS# 1709657
Property Photo
1/10

Description

Great investment opportunity, with the possibility of owner occupancy. The main level has two bedrooms, features a newer remodel, and rents for $700 a month. This unit also has access to the basement which has a washer and dryer, but could easily be closed off. The upper two units are both efficiency units and rent for $350 per unit. This property also features appliances, extra off-street parking, and has additional income potential with a two-car garage. Updates include- a new roof, new water line ran to building, electrical in 2008, plumbing upgrades, newer mechanicals, and most windows have been upgraded. The gas and electric are on separate meters, leaving only the water to be paid by the landlord. 24-hour notice for all showings, per tenant’s rights. Property being sold "as-is."

Features

  • Construction Methods: Frame
  • County/Area: Linn County
  • Elementary School: Harrison
  • Exterior: Slate
  • Gross Income: 16800
  • Gross Tax: 2269
  • Heating Cooling: Central Air, Forced Air, Gas Heat
  • High School: Jefferson
  • Listing Status: Active
  • Lot Size: 40 X 140
  • Main Type: Multi-Family
  • Middle School: Roosevelt
  • Miscellaneous: Basement, Deck/Patio, Garage, Sep. Meter – Electric, Sep. Meter – Gas
  • Net Operating Income: 14100.00
  • Number Of Units Efficiency: 2
  • Number Of Units Two Bedroom: 1
  • Owner Pays: Water
  • Property Type: Multi Family Home
  • Sq.Ft.: 1616
  • Style St: Upper/Lower
  • Sub Type: 1-4 Units
  • Tenants Responsibilities Include: Electricity, Gas
  • Total Expenses: 2700
  • Units: 3
  • Water Sewer Roads: City Sewer
  • Year Built: 1890
  • Zip Code: 52404
  • Zoning: Multi

Thank you for visiting today. If this is your first visit, take your time and look around. We have plenty of information and resources available to you. If you are a return visitor, thank you. We would love to hear from you. We can serve all your real estate needs.