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418 A Avenue NW

Cedar Rapids, IA 52405
  • $125,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 2501481
UPDATED: 60 min ago
$125,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,384
    SQFT
  • $90
    $/SQFT
Neighborhood:
NW Quadrant
Type:
Multi-Family
Built:
1890
County:
Linn
Area:
NW Quadrant

School Information

Elementary School:
Cleveland
Middle School:
Roosevelt
High School:
Jefferson
School Ratings & Info

Description

Great income investment property. Check out this up/down duplex close to downtown. Lower unit(1 bedroom)rents for $625/mo upper unit(2 bedroom) rents for $675/mo. Lower tenant has been there for 15 yrs and upper tenant for 3 yrs. Tenants pay electric and gas and owner pays water/sewer/garbage. This is a Section 8 approved property with guaranteed rental income. Property has laundry in basement and a 2 stall divided garage at the back of the property. Great opportunity!

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© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2025-03-16T14:42:54.1.
www.realtybrotherscr.com/homes/161249401
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418 A Avenue NW Cedar Rapids, IA 52405

  • Price: $125,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 60 min ago
  • MLS #: 2501481
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1,384
SQFT
$90
$/SQFT
1890
Built
Neighborhood:
NW Quadrant
County:
Linn
Area:
NW Quadrant
Elementary School:
Cleveland
Middle School:
Roosevelt
High School:
Jefferson
Property Description
Great income investment property. Check out this up/down duplex close to downtown. Lower unit(1 bedroom)rents for $625/mo upper unit(2 bedroom) rents for $675/mo. Lower tenant has been there for 15 yrs and upper tenant for 3 yrs. Tenants pay electric and gas and owner pays water/sewer/garbage. This is a Section 8 approved property with guaranteed rental income. Property has laundry in basement and a 2 stall divided garage at the back of the property. Great opportunity!
Exterior Features

Construction Materials Frame Vinyl Siding Exterior Features Fence Foundation Details Block Garage YN Yes Road Responsibility Public Maintained Road

Interior Features

Cooling Central Air Cooling YN Yes Heating Forced Air Gas Heating YN Yes Laundry Features Common Area In Unit

Property Features

Gross Income 15600 Listing Terms Cash Conventional Net Operating Income 12600 Operating Expense 3000 Owner Pays Water Pets Allowed Yes Possession Immediately Property Sub Type Multi Family Property Sub Type Additional Multi Family Sewer Public Sewer Tax Annual Amount 2146 Tenant Pays Electricity Gas Utilities Separate Meters Water Source Public

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Mark Christianson of Keller Williams Legacy Group: 319-423-4139.
© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2025-03-16T14:42:54.1.
 
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5235 Buffalo Ridge Dr
Cedar Rapids IA, 52411