Investor Alert! Prime investment opportunity at 1507 2nd Ave SE, Cedar Rapids. This fully occupied multi-unit property features five units (3 efficiency and 3 one-bedroom), with a total of 3,641 sq ft. Gross income is $42,000 with $11,000 in expenses, resulting in a net operating income of $31,000.
Showings for pre-approved buyers only with 48-hour notice. Schedule your viewing today!
Sold for $100,000 on 09/30/24
$100,000
1507 2nd Ave SE, Cedar Rapids, IA 52403
--beds
--baths
3,641sqft
Multi Family
Built in 1900
-- sqft lot
$101,800 Zestimate®
$27/sqft
$987 Estimated rent
Home value
$101,800
$94,000 - $110,000
$987/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 30, 2024 at 01:29pm
Listed by:
Z Maryland 319-431-0382,
Pinnacle Realty LLC
Bought with:
Amber Pitt
Keller Williams Legacy Group
Source: CRAAR, CDRMLS,MLS#: 2403311
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Features
- Basement: Full
Interior area
- Total interior livable area: 3,641 sqft
Property
Lot
- Size: 8,407 sqft
- Dimensions: 8,430
Details
- Parcel number: 142227901400000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Wood Siding
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Cedar Rapids
Other
Other facts
- Listing terms: Cash,Contract
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2024 | Sold | $100,000-21.9%$27/sqft |
Source:  CRAAR, CDRMLS #2403311 | ||
| 8/25/2024 | Pending sale | $128,000$35/sqft |
Source: CRAAR, CDRMLS #2403311 | ||
| 5/23/2024 | Price change | $128,000-14%$35/sqft |
Source: CRAAR, CDRMLS #2403311 | ||
| 5/16/2024 | Listed for sale | $148,900-74.8%$41/sqft |
Source: CRAAR, CDRMLS #2403311 | ||
| 4/15/2018 | Sold | $590,000+884.2%$162/sqft |
Source: CRAAR, CDRMLS #1707854 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,270 +4.6% | $132,200 +3% |
| 2023 | $2,170 -10.3% | $128,300 +24.7% |
| 2022 | $2,418 +0.3% | $102,900 +3.8% |
Find assessor info on the county website
Neighborhood: Wellington Heights
Nearby schools
GreatSchools rating
- 1/10Johnson STEAM Academy SchoolGrades: K-5Distance: 0.3 mi
- 4/10Mckinley Middle SchoolGrades: 6-8Distance: 0.6 mi
- 3/10George Washington High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Johnson
- Middle: McKinley
- High: Washington
Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$101,800
2% more+ $2,036
With Zillow Showcase(estimated)
$103,836