Welcome to 1441 2nd Ave

SE a fantastic investment opportunity awaits in this charm ing 4-unit property with substantial upside potential. Located in a prime location, this property offers a blend of convenience and promise for investors seeking to expand their portfolio in Cedar Rapids. Offering three (3) one-bedroom, one-bath units and one (1) efficiency unit. A common basement ncludes extra storage for tenants and the potential for coin operated laundry.

With its strategic location, this property enjoys proximity to the Cedar Rapids Med Quarter, downtown, Newbo, shopping and schools. Residents will also appreciate easy access to major highways and roadways, enhancing their commute and connectivity to the rest of the city. With some thoughtful renovations and management, there is ample opportunity to increase rental income and maximize returns. Dont miss out on this chance to acquire a promising income-generating asset. Property is being sold in as is condition. Utilities are not separately metered owner pays water, gas and electric.

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on 1441 2nd Ave SE
in Cedar Rapids, IA
Presented by Grant Gibney at
Scottsman Real Estate.


Property MLS #2400820 from CedarRapids
▶ Virtual Tour

+ Reveal additional info including schools and tax history

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+ Heating and Cooling

Gas Heat

+ Exterior and Lot Features

Slate

+ Land Info

Lot Size Acres: 0.161
Lot Size Dimensions: 50 X 140
Lot Size Square Feet: 7013

+ School Information

Elementary School: Johnson
High School: Washington
Middle School: McKinley
+ Display Complete School Details

Johnson STEAM Academy School is a public elementary school located approximately 0.3 miles away.
Map directions

Mckinley Middle School is a public middle school located approximately 0.5 miles away.
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George Washington High School is a public high school located approximately 1.2 miles away.
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Regis Middle School is a private middle school located approximately 1 miles away.
Map directions

+ Multi-Unit Info

Number of Units: 4
Number of Studio Units: 1
Number of 1 Bedroom Units: 3

+ Other Property Info

Common Laundry-Owned
Parking Spaces
Annual Tax Amount: 1648
Source Listing Status: Pending
County: Linn
Directions: Traveling NE on 1st Ave, turn Rt on 14th St SE, Lt on 2nd Ave SE, 7th building on the Rt
Source Property Type: Multi-Family
Area: SE Quadrant
Source Neighborhood: SE Quadrant
Owner Pays: Water, Electricity, Gas
Parcel Number: 142228300600000
Postal City: Cedar Rapids
Zoning: RES 3+
Property Subtype: 1-4 Units
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-02-16
$74,900
CedarRapids

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Listed 2024-02-07
$79,900
CedarRapids

+ Building and Construction

Total Square Feet Living: 3028
Year Built: 1900
Construction Materials: Frame
Property Age: 124