3-5 27th AVE SW, Cedar Rapids, IA 52404
3-5 27th AVE SW, Cedar Rapids, IA 52404
3-5 27th AVE SW, Cedar Rapids, IA 52404
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Sandi Lafferty

Sandi Lafferty

+1(319) 318-2098
$249,900
Est. payment /mo
2,060 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,060 sqft

Price per Sqft $121

MLS Listing ID 2607712

HOA Y/N No

Total Fin. Sqft 2060

Year Built 1977

Annual Tax Amount $3,118

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi Family

Property Description

Outstanding Duplex in Prime Cedar Rapids location. This turnkey property features one upper/lower unit, each offering a functional layout of 2 bedrooms and 1 bathroom (for a total of 4 bedrooms and 2 bathrooms). This high-yield property features a perfect mix: an unfurnished upper unit ideal for stable, long-term tenants, paired with a fully furnished lower unit, including in-unit washer and dryer (minus one bedroom). Optimized to capture premium rates from traveling tradespeople and professionals. The upper unit currently rents for $1020.00 per month and the lower furnished unit currently rents to one tenant for $1700.00 per month. These well-maintained duplexes have a strong rental history, consistent demand, immediate cash flow & are a solid asset. Incredible Cedar  Rapids location near shopping, restaurants, Hy-Vee, major employers; quick access to I-380. Each unit comes with a 1 car garage space.Tenant-occupied; interior photos taken prior to current tenancy. Reach out today for financial details or a showing!

Location

State IA

County Linn

Area Sw Quadrant

Rooms

Basement Concrete

Interior

Interior Features InteriorFeatures

Heating Hot Water

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Laundry In Unit

Exterior

Parking Features Parking Space(s)

Utilities Available Separate Meters

Water Access Desc Public

Porch Deck, Patio

Garage Yes

Building

Foundation Poured

Sewer Public Sewer

Water Public

Structure Type Frame,Wood Siding

Schools

Elementary Schools Grant

Middle Schools Wilson

High Schools Jefferson

Others

Tax ID 143347900100000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/cdr/2607712

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Sandi Lafferty

Sandi Lafferty

+1(319) 318-2098

Agent License ID: S73682000

Agent License ID: S73682000

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