Rare opportunity to own all 4 condos and the entire association. The property consist of three 2-bedroom/2-bathroom units and one 3-bedroom/3-bathroom 'owners' suite with a finished lower level. Each condo has their own furnace/central air/hot water heater & are on separate meters. Each condo also has their own 9'x21' laundry/storage room. 5 stall garage and 2 stalls have gas furnace heat. Permanent metal roof with gutter guards. Excellent rental history with current potential annual income over $24,000/year. Growing neighborhood with new homes and condos being built nearby. Property appraised in April 2015 for $267,000. Seller is licensed Realtor in Iowa.
Off market
$350,200
1511 Oak Ridge Ln SE, Cedar Rapids, IA 52403
--beds
--baths
--sqft
MultiFamily
Built in 1977
-- sqft lot
$350,200 Zestimate®
$--/sqft
$-- HOA
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$350,200
2% more+ $7,004
With Showcase(estimated)
$357,204