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1-4 Units - Cedar Rapids, IA
Well-maintained 4-unit multifamily property located in SW Cedar Rapids. Each unit offers 2 bedrooms and 1 bathroom in an upper/lower layout. All leases are currently month-to-month. The owner pays water, gas, and a portion of dumpster service; tenants are responsible for electric.
Property improvements include a new boiler, new siding and gutters, two new patio doors, replacement of most windows (all but three), and updated flooring in two of the four units. A coin-operated washer and dryer are available on site for added convenience. This income-producing property presents an excellent opportunity for investors seeking a well-cared-for rental in a low-inventory market.
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