1516 C Ave NE, Cedar Rapids

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$235,000
2 Units
MLS: 202304742

2 unit turn key duplex, excellent investment opportunity close to Mt. Mercy, Coe College, Mercy Hospital, Garfield Elementary, Fairfield Middle School and Washington High School. Completely renovated from the studs out, new appliances, light fixtures, flooring, paint, plumbing, electrical, HVAC, separate water, gas and electric meters, shared laundry in the LL, 4 parking spaces and easy to show. Unit A (Main Level)- 2 bedroom, living room, separate dining room, full kitchen, full bath and access to the back yard and parking spaces. Leased for $950/mt. Unit B (Upper Level)- 3 bedroom, living room/dining room combo with open floor plan, full bath and extra storage. Leased for $1250/mt. Current Lease agreement 10/1/2023- 10/24/2024. ***Tenants maybe home when showing the property.

            
Directions: From 1st Ave SE to N on 16th St NE to SW on C Ave.

Property Details

MLS #: 202304742
Price: $235,000
Year Built: 1935
Income/Yr: $33,000.00
Expense/Yr: $0.00
Parking: Off Street, On Street
Basement: Block, Full, Unfinished
Total Sq Ft: 2295
Electric Expense: $0.00
Gas Annually: $0.00
Maint Expense: $0.00
Insurance Expense: $0.00
Gross Tax: $1,611.00
Units: 2
Laundry: In Basement
Energy Generation:
Heat/Cooling: Natural Gas, Ceiling Fans, Central Air
Elementary: Garfield
Middle: Franklin
High: Washington

Information deemed reliable but not guaranteed


Who To Contact

Agent Photo

Edge Realty Group

319-351-3355
 
info@edge-realtygroup.com


 Listing Office: Urban Acres Real Estate Corridor - Agent: Rob McCain - Information furnished by Iowa City Area Association of Realtors