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4 27th Avenue Southwest

Cedar Rapids IA 52404

1
1997 sq. ft.
0.21 ac.
Multi-Family
Currently for sale - view listing

Overview

Outstanding Duplex in Prime Cedar Rapids location. This turnkey property features one upper/lower unit, each offering a functional layout of 2 bedrooms and 1 bathroom (for a total of 4 bedrooms and 2 bathrooms). This high-yield property features a perfect mix: an unfurnished upper unit ideal for stable, long-term tenants, paired with a fully furnished lower unit, including in-unit washer and dryer (minus one bedroom). Optimized to capture premium rates from traveling tradespeople and professionals. The upper unit currently rents for $1010.00 per month and the lower furnished unit currently rents to one tenant for $1700.00 per month. These well-maintained duplexes have a strong rental history, consistent demand, immediate cash flow & are a solid asset. Incredible Cedar  Rapids location near shopping, restaurants, Hy-Vee, major employers; quick access to I-380. Each unit comes with a 1 car garage space.Tenant-occupied; interior photos taken prior to current tenancy. Reach out today for financial details or a showing!

Features

1 carspace
1 garage space
1997 sq. ft. floor area
0.21 ac. lot size
Multi-Family

Property history for 4 27th Avenue Southwest

2023
Sold
$169,000
04 Aug 2023 by Deanna Long, of COLDWELL BANKER HEDGES

Happy sellers in Cedar Rapids

94%
94% of sellers in Cedar Rapids reported that their sale price either exceeded or met their price expectations.

Cedar Rapids stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Cedar Rapids over the last 12 months.

Local market activity for multi families in Cedar Rapids

In the last 12 months, 10 multi families similar to 4 27th Avenue Southwest, have been sold.

This represents a 29% increase in multi families sales when compared to the previous 12 months.

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