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$123,000   Price Analysis
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1207 5th Ave SE
Cedar Rapids, IA 52403
6 bed None bath 1,813 SqFt ($67/SqFt)
4,200SqFt lot. Built 1900
Listed 2024-02-17, Taxes $1,160
Ⓧ USDA Ineligible
due to location

near Cedar Rapids

This recently updated duplex presents a promising investment opportunity with fresh paint and updated LPV flooring in both units.

The units previously rented for $ 950 and $975 before the renovations, indicating potential for a profitable return on investment for interested buyers. Seller Financing and Lease Option available for a qualified buyer with minimum of $27, 000 down payment reach out for further information on terms.

Package deal available for 1207 5th Av Se and 1211 5th Ave SE. Tenant occupied, 48 hours minimum notice for showings, pre approval required for showings on occupied units.


Presented by Connor Harris at
Burrington Real Estate.


Property MLS #2401090 from CedarRapids

Bedrooms: 6

Forced Air
Gas Heat
Window/Wall Air

Basement Description: Full

Slate

Lot Size Acres: 0.0964187
Lot Size Dimensions: 30 X 140
Lot Size Square Feet: 4200

Elementary School: Johnson
High School: Washington
Middle School: McKinley

Mckinley Middle School is a public middle school located approximately 0.2 miles away.
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Johnson STEAM Academy School is a public elementary school located approximately 0.5 miles away.
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George Washington High School is a public high school located approximately 1.5 miles away.
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Regis Middle School is a private middle school located approximately 1.4 miles away.
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Number of Units: 2
Number of 3 Bedroom Units: 2

Garage
Sep. Meter Electric
Annual Tax Amount: 1134
Source Listing Status: Active
County: Linn
Directions: 19th St SE to 5th Ave SE
Source Property Type: Multi-Family
Area: SE Quadrant
Source Neighborhood: SE Quadrant
Owner Pays: Water, Gas
Parcel Number: 142233400800000
Postal City: Cedar Rapids
Property Subtype: 1-4 Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$44,000 + $12,000
$56,000
$1,160
2021$44,000 + $12,000
$56,000
$1,274
2020$45,700 + $12,000
$57,700
$1,142
2019$45,700 + $7,500
$53,200
$1,266
2018$51,200 + $7,500
$58,700
$1,230
2017$51,200 + $7,500
$58,700
$1,166
2016$46,000 + $7,500
$53,500
$1,138
2015$46,000 + $7,500
$53,500
$1,146
2014$46,397 + $7,500
$53,897
$1,122
2012$46,397 + $7,500
$53,897
$1,090
2011$46,397 + $7,500
$53,897
$1,036
2010$46,397 + $7,500
$53,897
$988
2010$46,397 + $7,500
$53,897
$988
2009$45,315 + $7,500
$52,815
$934
2004$50,351 + $7,500
$57,851
$672

Price Changed 2024-05-21
$123,000
CedarRapids
Price Changed 2024-03-23
$132,500
CedarRapids
Listed 2024-02-17
$139,900
CedarRapids
Listing removed 2024-01-23
$0
AppfolioUnits
Listed for rent 2024-01-04
$975
AppfolioUnits
Sold 2023-08-16
$69,300
Public Record
Sold 2021-06-08
$77,000
Public Record
Listing removed 2021-05-28
$0
CedarRapids
Price Changed 2021-04-08
$84,900
CedarRapids
Price Changed 2021-04-01
$89,000
CedarRapids
Listed 2021-03-22
$98,000
CedarRapids
Listing removed 2020-10-01
$0
CedarRapids
Listed 2020-05-29
$98,000
CedarRapids
Sold 2018-06-06
$82,000
Public Record
Listing removed 2018-06-01
$0
CedarRapids
Price Changed 2018-02-23
$79,900
CedarRapids
Listed 2018-01-03
$84,900
CedarRapids
Sold 2012-09-19
$100,000
Public Record
Listing removed 2012-07-31
$54,900
CedarRapids
Listed 2012-07-14
$54,900
CedarRapids

Total Square Feet Living: 1813
Year Built: 1900
Construction Materials: Frame
Property Age: 124
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.