**Investment Property Available in Cedar Rapids** This multifamily complex comprises a total of 23 units: - 20 one-bedroom units - 1 two-bedroom unit - 1 three-bedroom unit - 1 efficiency unit Out of the 23 units, 10 have been fully remodeled within the past two years. The units occupied by long-term tenants remain untouched. The property is located in a great area with easy access. 2 units rents were doubled by furnishing them and renting short term. Each unit has its own furnace and AC. Tenants pay RUBs each month towards water. 48 Hours' Notice to Show.
Don't miss your opportunity! This front/back duplex makes a nice investment property. The front unit has 3 bedrooms, 1.5 bathrooms, & a 2-stall garage. It is rented through November 30th, 2026 for $1,250/mo. The back unit has 1 bedroom, 1 bathroom, & 1 off-street gravel parking spot. It is rented with a month-to-month lease for $725/mo. The property has been updated & well-maintained, including a brand new AC unit for the front unit. Whether you're a first-time investor or a seasoned pro, this property is a great one to add to the portfolio!
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.
329 on 12th is a Mixed-Use Investment opportunity located in the heart of the NewBo District in Cedar Rapids, Iowa. Built in 2017, this Class A Investment property consists of 20 market-rate residential apartment units and 9,398 SF of fully leased Commercial Office space. For more information about 329 on 12th or to schedule a showing, contact listing broker only. Confidentiality Agreement required to view the Offering Memorandum, contact listing broker.
Cedar Rapids is located in Iowa. Cedar Rapids, Iowa has a population of 136,512. Cedar Rapids is less family-centric than the surrounding county with 30.16% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Cedar Rapids, Iowa is $63,170. The median household income for the surrounding county is $70,360 compared to the national median of $69,021. The median age of people living in Cedar Rapids is 36.4 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 11.4 degrees. The average rainfall is approximately 36 inches per year, with 28.3 inches of snow per year.
