1628 2nd Ave SE, Cedar Rapids, IA 52403

Price improved for this incredible investment opportunity! Owner-occupied for seven years. I recently got married, moved, and turned the duplex into traditional rental units with the intention of selling. Updated duplex in Cedar Rapids historic district with a great rental history. Fenced backyard and a two separate stall garage provide home-like feel to tenants. Downstairs is a one bedroom apartment with historic charm. Beautiful hardwood floors throughout; high-end vinyl in kitchen and bathroom. Upstairs is two bedroom apartment with new high-end carpet and vinyl in 2011. Both units have separate electric and gas. Both units have separate central heating and air conditioning that tenants pay (landlord pays water/garbage). Combined income from both units is $1000/month plus revenue from coin operated washer and dryer in basement.Rental income:* Downstairs unit = $500/month. Tenant begins annual lease began on July 1.* Upstairs unit = $500/month. Tenants on second year; lease renewed in April; zero late payments.* Coin operated washer and dryer in basementI am a motivated seller and will consider any reasonable offer. Call me at 319-651-6145 or email me at malexander204@gmail.com to set up a showing.