222 5th Avenue SW, Cedar Rapids, IA 52404

• 2,274 sqft

Property Description

Unlock the potential of this converted 4-unit building, perfect for first-time investors or owner-occupant landlords looking for a hassle-free rental opportunity. With a layout that maximizes functionality, these charming units create an inviting atmosphere ideal for those seeking affordability and simplicity. The common-area coin laundry adds convenience, ensuring a seamless experience for renters. For those looking to live and invest in one property, this building presents an excellent opportunity to occupy one unit while generating rental income from the others—a smart way to offset expenses while building equity. Tenants pay own electricity, Owner pays for water (sewer & trash), and common electricity. No gas at property. Seller will be completing a 1031 exchange as part of the sale. Please allow 72hr for showing requests.

Listing Status:

Pending

Date Added:

May 21, 2025 at 05:00AM

Listing Office:

EPIC PROPERTY MANAGEMENT : 319-981-3242

Listing Agent:

Andy Petzold : 319-981-3242

MLS ID:

2503630

Interior

• Laundry: Common Area
• Basement: Full
• A/C: Wall/Window Unit(s)
• Heating: Electric

Exterior

• General: Shed(s)
• Other Structures: Shed(s)
• Parking: Parking Space(s)

Construction

• General: FrameStoneVinyl Siding

Location

• Originating MLS: CDR
• County: Linn

Lot

• Zoning: Lot 7Block 19Village of Kingston142825601200000

Utilities

• Utilities: Separate Meters
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CDR

This listing courtesy of Andy Petzold, EPIC PROPERTY MANAGEMENT