Under contract

222 5th Avenue SW, Cedar Rapids, IA 52404

Sqft
2,274

View property features, location on map, relevant school information and overview from seller's agent.

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Overview

Unlock the potential of this converted 4-unit building, perfect for first-time investors or owner-occupant landlords looking for a hassle-free rental opportunity. With a layout that maximizes functionality, these charming units create an inviting atmosphere ideal for those seeking affordability and simplicity. The common-area coin laundry adds convenience, ensuring a seamless experience for renters.

For those looking to live and invest in one property, this building presents an excellent opportunity to occupy one unit while generating rental income from the others—a smart way to offset expenses while building equity.

Tenants pay own electricity, Owner pays for water (sewer & trash), and common electricity. No gas at property.
Seller will be completing a 1031 exchange as part of the sale. Please allow 72hr for showing requests.

Location

Full feature list

Basic info

Square feet
2,274
Lot size (acres)
0.19
Year built
1890
Days on market
52

Interior features

Basement
Yes, unfinished

Utilities

Heating
Electric
Cooling
Window unit(s), Wall/window unit(s)
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount
$2,354

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Cedar Rapids Area Association of REALTORS MLS®#: 2503630 Last checked:

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