3080 8th St
Property Description
All units are under lease at $750/month to 7/25/27. An exceptional turn-key addition to your real estate portfolio. This fully leased, low-maintenance 4-plex in Cedar Rapids features four identical 2-bedroom, 1-bathroom units with a strong rental history. Over the last five years, the property has undergone extensive capital improvements, including new luxury vinyl plank (LVP) flooring across all units (fully upgraded in 1 unit; kitchens and baths in the remaining 3) and completely modernized heating and hot water boiler systems. Savvy investors will recognize immediate upside, as current rents sit noticeably below market rates. In a high-demand, low-inventory market, a stabilized asset of this caliber won't last long. Contact the listing agent today to capture this premier value-add opportunity.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $325,000 |
| No. of Units: | 4 |
| Year Built: | 1979 |
| Lot Size: | 3,360.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $81,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 0 |
ID: 3yd-CRAARIA-2606614
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