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$235,000   Price Analysis
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1516 C Ave NE Unit A
Cedar Rapids, IA 52402
Unknown bed None bath unknown SqFt ($0/SqFt)
3,640SqFt lot. Built 1935
Listed 2024-04-13, Taxes $1,569
Ⓧ USDA Ineligible
due to location

near Cedar Rapids

2-unit turn-key duplex

Excellent investment opportunity close to Mt. Mercy, Coe College, Mercy Hospital, Garfield Elementary, Fairfield Middle School and Washington High School. Completely renovated from the studs out, new appliances, light fixtures, flooring, paint, plumbing, electrical, HVAC, separate water, gas and electric meters, shared laundry in the LL, 4 parking spaces and easy to show.

Unit A (Main Level)- 2 bedrooms, living room, separate dining room, full kitchen, full ba th and access to the back yard and parking spaces. Leased for $950/mt. Unit B (Upper Level)- 3 bedroom, living room/dining room combo with open floor plan, full bath and extra storage. Leased for $1250/mt. Current Lese agreement 10/1/2023- 10/24/2024. Tenants maybe home when showing the property.


Presented by ROB MCCAIN & BRANDIE THEIN, Realtors at
Urban Acres Real Estate.
Listing Agent Photo

Property MLS #202402086 from IowaCity

BreakfastArea
HighCeilings
EntranceFoyer
LivingRoomSeparate
Flooring: Vinyl

Dishwasher
RangeOrOven
Refrigerator
Dryer
Microwave
Washer
Laundry Features: InBasement

Basement Features: Block, Full, Unfinished
Basement Description: Block, Full, Unfinished

Heating Features: NaturalGas

Lot Description: Level
Lot Size Acres: 0.0835629
Lot Size Dimensions: 140x26
Lot Size Square Feet: 3640

Garage Spaces: 4
Parking Features: OffStreet, OnStreet
Parking Total: 4

Playground
Sidewalks
StreetLights
CloseToSchool
CloseToShopping
Community Features: Playground, Sidewalks, StreetLights, CloseToSchool, CloseToShopping

Elementary School: Garfield
High School: Washington
Middle School: Franklin

Garfield Elementary School is a public elementary school located approximately 0.7 miles away.
directions icon Map directions

Franklin Middle School is a public middle school located approximately 0.7 miles away.
directions icon Map directions

George Washington High School is a public high school located approximately 1.2 miles away.
directions icon Map directions

Regis Middle School is a private middle school located approximately 0.8 miles away.
directions icon Map directions

Gross Income: 33000

Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 0

Number of Units: 2

Annual Tax Amount: 1611
Source Listing Status: Active
County: Linn
Directions: From 1st Ave SE to N on 16th St NE to SW on C Ave.
Tax Year: 2022
Source Property Type: Residential
Area: OutOfArea
Source Neighborhood: Coe College
Parcel Number: 14222-26022-00000
Subdivision: Coe College
Zoning: Residential
Property Subtype: MultiFamily
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$62,100 + $14,300
$76,400
$1,569
2021$51,600 + $11,700
$63,300
$1,380
2020$52,100 + $10,400
$62,500
$1,342
2019$52,100 + $10,400
$62,500
$1,122
2018$41,700 + $10,400
$52,100
$1,841
2017$49,100 + $10,400
$59,500
$1,646
2016$65,200 + $10,400
$75,600
$1,708
2015$70,000 + $10,400
$80,400
$1,584
2014$64,035 + $10,400
$74,435
$1,632
2012$67,976 + $10,400
$78,376
$1,502
2011$67,851 + $6,500
$74,351
$1,534
2010$73,374 + $6,500
$79,874
$1,464
2010$73,374 + $6,500
$79,874
$1,464
2009$61,722 + $6,500
$68,222
$1,208
2004$63,631 + $6,500
$70,131
$1,226

Listed 2024-04-13
$235,000
IowaCity
Listed 2024-04-12
$235,000
CedarRapids
Listing removed 2024-04-02
$0
CedarRapids
Listing removed 2024-04-01
$0
IowaCity
Relisted 2023-09-26
$235,000
IowaCity
Listing removed 2023-09-22
$0
IowaCity
Listed 2023-09-06
$235,000
CedarRapids
Listed 2023-09-06
$235,000
IowaCity
Sold 2014-05-14
$65,000
Public Record
Sold 2008-01-18
$48,000
Public Record

Year Built: 1935
Above Grade Finished Area: 2295
Construction Materials: Frame
Property Age: 89
Total Above Grade Sqft Area: 2295
Architectural Style: TwoStories

CitySewer
CityWater
Click Thumbnail Images To View Full Size
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dining_roomunknowndining_roomkitchenkitchen
kitchenkitchenunknownkitchenbathroom
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unknownunknownunknownkitchenkitchen
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bathroombathroomunknownunknownunknown

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.