Rare opportunity to own all 4 condos and the entire association. The property consist of three 2-bedroom/2-bathroom units and one 3-bedroom/3-bathroom 'owners' suite with a finished lower level. Each condo has their own furnace/central air/hot water heater & are on separate meters. Each condo also has their own 9'x21' laundry/storage room. 5 stall garage and 2 stalls have gas furnace heat. Permanent metal roof with gutter guards. Excellent rental history with current potential annual income over $24,000/year. Growing neighborhood with new homes and condos being built nearby. Property appraised in April 2015 for $267,000. Seller is licensed Realtor in Iowa.
Off market
$397,400
1511 Oak Ridge Ln SE, Cedar Rapids, IA 52403
--beds
--baths
--sqft
MultiFamily
Built in 1977
-- sqft lot
$397,400 Zestimate®
$--/sqft
$1,042 Estimated rent
Owner options
What's special
Sell for more
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$397,400
2% more+$7,948
With Zillow Showcase(estimated)$405,348