720 E Ave NW Cedar Rapids, IA
$ 135,000
Property Attributes
  • MLS#202105113
  • TypeMulti-Family
  • CountyLINN
  • CityCedar Rapids
  • AreaOut Of Area
  • Zip52405
  • StyleMulti-Family
  • Year Built1900
  • Taxes$ 3347
  • Price$ 135,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1848
  • Lot Size5,600 SqFt
Listing Provided Courtesy Of:
Iowa Realty, Inc. - CR
Data Source:
Iowa City Area Association Of REALTORS® (ICAAR)
Property Description

Investment Income! Clean & well taken care of tri- plex with vinyl siding, newer roof, updated windows, and completely updated after 2008. 1/3 units are occupied ( unit #3 ). The large main floor (unit 1) offers 2 bed new carpet, 1 large bath/laundry room with new toilet and drop down ceiling, open floor plan front to back, back porch that leads to the back patio and alley. Second floor (Unit 2) offers an efficiency w/ a full kitchen w/ new refrigerator, new vinyl flooring & toilet, and large ¾ bath that leads to a large closet which is currently vacant. (Unit 3) has a 1 bed, 1 bath with an updated kitchen. All units offer separate electric and gas meters. One water heater is located on the main floor. Here is a great jump start for a beginner investor. Sellers may up the rents on potential new tenants. Sellers are currently working on above noted updates on vacant units. All work will be completed prior to closing. Tenant rights. 24-48 hr notice to show. Please remove shoes, turn off all lights, and lock all doors. Property is being sold as-is. (Unit 1) pays $740, (Unit 2) pays $385, (Unit 3) pays $475=Gross of $17,820 per yr.

Elementary School Middle School High School
Harrison Elementary School Roosevelt Middle School Jefferson High School
Price History
9/13/2021 Listed $145,000
10/2/2021 7% - $135,000

General Features

Bank Owned No
Basement Full
City Cedar Rapids
Construction Frame
County Linn
DOM 129
Directions E ave NW to 720
Elementary School Harrison
Expenses 4719
Grossincome 17820
Heating Window/Wall Units, Gas, Forced Air
High School Jefferson
Middle School Roosevelt
New Construction No
Postal Code 52405
Primary City Cedar Rapids
Property Type MULTI-FAMILY
Sale/lease For Sale
Showing Instructions ShowingTime
Status Active
Street Name E Ave NW
Subdivision IA
Type Multi-Family
Virtual Tour
Year Built 1900

Interior Features

Elevators No
Internet Yes
Total Number of Units 3
Unit1 Living Room Yes
Unit2 Monthly Rent 385

Exterior Features

Lot Dimensions 40x140
Parking Spaces 2 Car
Water/Sewer City Sewer, City Water


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 52405

AVG $1.61M
AVG $3,865
AVG 21
Year Built
AVG 1957
AVG 32
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.