Seller's Agent in 2024
Z Maryland
Pinnacle Realty LLC
(319) 431-0382
7 in this area
99 Total Sales
1507 2nd Ave SE Cedar Rapids, IA 52403
Wellington Heights Neighborhood
--
Bed
--
Bath
3,641
Sq Ft
8,407
Sq Ft Lot
About This Home
As of September 2024Investor 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,170
Year Built
- Built in 1900
Lot Details
- 8,407 Sq Ft Lot
Home Design
- Frame Construction
- Wood Siding
Interior Spaces
- 3,641 Sq Ft Home
- Basement Fills Entire Space Under The House
Schools
- Johnson Elementary School
- Mckinley Middle School
- Washington High School
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for gas, water
- Assessor Parcel Number 142227901400000
Community Details
Overview
- 5 Units
Building Details
- Operating Expense $11,000
- Gross Income $42,000
- Net Operating Income $31,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/30/2024 09/30/24 | Sold | $100,000 | -21.9% | $27 / Sq Ft | |
| 08/25/2024 08/25/24 | Pending | -- | -- | -- | |
| 05/23/2024 05/23/24 | Price Changed | $128,000 | -14.0% | $35 / Sq Ft | |
| 05/14/2024 05/14/24 | For Sale | $148,900 | -74.8% | $41 / Sq Ft | |
| 04/15/2018 04/15/18 | Sold | $590,000 | +884.2% | $214 / Sq Ft | View Prior Sale |
| 03/01/2018 03/01/18 | Pending | -- | -- | -- | |
| 08/16/2017 08/16/17 | For Sale | $59,950 | +5.2% | $22 / Sq Ft | |
| 04/01/2014 04/01/14 | Sold | $57,000 | -9.4% | $21 / Sq Ft | View Prior Sale |
| 04/01/2014 04/01/14 | Pending | -- | -- | -- | |
| 02/03/2014 02/03/14 | For Sale | $62,900 | -- | $23 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,270 | $108,100 | $31,900 | $76,200 |
| 2024 | $2,170 | $132,200 | $28,100 | $104,100 |
| 2023 | $2,170 | $128,300 | $24,200 | $104,100 |
| 2022 | $2,418 | $102,900 | $24,200 | $78,700 |
| 2021 | $2,410 | $99,100 | $20,400 | $78,700 |
| 2020 | $2,410 | $91,300 | $17,900 | $73,400 |
| 2019 | $2,162 | $76,100 | $17,900 | $58,200 |
Source: Public Records
Agents Affiliated with this Home
-
Z Maryland
-
Amber Pitt
A
Buyer's Agent in 2024
Amber Pitt
Keller Williams Legacy Group
(319) 651-2539
1 in this area
73 Total Sales
-
Ben Griffith
Seller's Agent in 2018
Ben Griffith
Griffith Real Estate
(319) 202-8908
62 Total Sales
-
Kim Griffith
K
Seller Co-Listing Agent in 2018
Kim Griffith
Griffith Real Estate
(319) 521-3291
62 Total Sales
-
Michelle David
Seller's Agent in 2014
Michelle David
Pinnacle Realty LLC
(319) 533-0021
6 in this area
148 Total Sales
-
B
Buyer's Agent in 2014
Beth Parker
Ruhl & Ruhl
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2403311
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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