Creative finance opportunity! Fully rented 4-pex with $2,490 per month in gross rents! This well-maintained Four-plex with 2 studio units and 2 one-bedroom units is an ideal investment opportunity for those looking to enter the market. Located on the SE side of Cedar Rapids, the property offers low maintenance with a newer roof, plus a spacious open backyard. Perfect for a new owner to take over and begin generating income from day one.
Seller Financing, Subject to and Lease Option available. Package deal available for 1207 5th Ave Se and 1211 5th Ave SE. Tenant occupied, 48 hours minimum notice for showings, pre approval required for showings on occupied units.
Sold for $160,000 on 10/01/24
$160,000
1211 5th Ave SE, Cedar Rapids, IA 52403
--beds
--baths
1,856sqft
Multi Family
Built in 1914
-- sqft lot
$162,200 Zestimate®
$86/sqft
$837 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: October 02, 2024 at 07:20am
Listed by:
Connor Harris 319-855-2212,
Burrington Real Estate
Bought with:
Travis Gaule
SKOGMAN REALTY
Source: CRAAR, CDRMLS,MLS#: 2401091
Originating MLS: Cedar Rapids Area Association Of Realtors

Facts & features
Interior
Heating
- Forced Air, Gas
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Storage
Interior area
- Total interior livable area: 1,856 sqft
Property
Parking
- Total spaces: 2
Lot
- Size: 4,200 sqft
- Dimensions: 30 x 140
Details
- Parcel number: 142233400700000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stone
Condition
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & neighborhood
Location
- Region: Cedar Rapids
Other
Other facts
- Listing terms: Cash,Conventional,Contract
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$162,200
2% more+ $3,244
With Zillow Showcase(estimated)
$165,444