1635 B Avenue NE
Cedar Rapids, IA 52402
MLS #1708631

Multi-Family
  • 4units
  • 0.172acres
$88,750
Est. P&I payment: $338.96/mo
1635 B Avenue NE, Cedar Rapids, IA 52402
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Description for 1635 B Avenue NE, Cedar Rapids, IA 52402
UPDATE 12/18/2017 - UNITS 1 and 4 are now empty. Potential of $2000+ per month rent collection in total. INVESTOR ALERT - GREAT CASH FLOW OPPORTUNITY. Month to month units and 2 of the 4 units are occupied. Has 2 natural gas forced air furnaces and 1 water heater. Unit 1 is a one bed/one bath on lower level. Unit 2 is an efficiency on lower level. Unit 3 is a 2 bed/1 bath - only unit that is upstairs and downstairs split. Also has 2 entries for this unit. Unit 4 is a 2 bed/2 bath on upper level. This unit has a front and back entry stairwell.
MLS #1708631
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My Notes for MLS #1708631

General Features

  • Acres: 0.172
  • Area: NE Quadrant
  • CCBSOC: 3.5
  • Construction Methods: Frame
  • Elementary School: Garfield
  • Exterior: Wood
  • Gross Income: 1,000
  • Gross Tax: 2,025
  • Heating Cooling: Gas Heat
  • Highschool: Washington
  • Last City Inspection: 7/21/17
  • Legal Description: Bever's 2nd NE50' NW150' str/lb 4 21
  • List User Cell Phone: 319-573-6693
  • Lot Size: 50 X 150
  • Middle School: Franklin
  • Miscellaneous: Garage,​Parking Spaces,​Sep. Meter – Electric
  • Net Operating Income: 650
  • Net Tax: 1,824
  • Number of Parking Spaces: 4
  • Number of Units Efficiency: 1
  • Number of Units One Bedroom: 1
  • Number of Units Two Bedroom: 2
  • Parcel Number: 142,220,301,100,000
  • Possession: Immediate
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Sq Ft Total: 2,800
  • Status: Active
  • Style St: Upper/Lower
  • Supplement Count: 6
  • Supplement Modification Timestam: 2017-09-22 09:33:05
  • Temp Off Market Date: 0000-00-00 00:00:00
  • Tenants Responsibilities Include: Electricity
  • Terms: Cash,​Conventional
  • Total Expenses: 350
  • Water Sewer Roads: City Sewer,​City Water
  • Withdrawn Date: 0000-00-00 00:00:00
  • Year Built: 1890
  • Zoning: Multi

Location

 
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Directions to 1635 B Avenue NE, Cedar Rapids, IA 52402
Take 1st Ave to 16th St NE and turn N and follow to B Ave NE and turn Rt
The listing information for 1635 B Avenue NE, Cedar Rapids, IA 52402 was graciously provided by our friends at the listing brokerage, COLDWELL BANKER HEDGES

Get Financing for 1635 B Avenue NE, Cedar Rapids, IA 52402

Hills Bank & Trust
Andy Brandt
1009 2nd St.
Coralville, IA 52241
319-358-6113 Office
319-594-7725 Mobile
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P&I Payment $338.96
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Last Updated 01/22/2018 at 8:15am
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