$225,000

1516 C Ave NE Unit A & B Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated payment $1,362/month

Total Views 454,558
5 Beds
2 Baths
2,295 Sq Ft
$98 Price per Sq Ft

Highlights

  • Living Room
  • Grid-tied solar system exports excess electricity
  • Central Air
  • Community Playground
  • Property is near schools
  • Dining Room

About This Home

2-unit turn-key duplex, excellent investment opportunity close to Mt. Mercy, Coe College, Mercy Hospital, Garfield Elementary, Fairfield Middle School, and Washington High School. Completely renovated from the studs out, new appliances, light fixtures, flooring, paint, plumbing, electrical, HVAC, separate water, gas, and electric meters, shared laundry in the LL, 4 parking spaces, and easy to show. Unit A (Main Level)- 2 bedrooms, living room, separate dining room, full kitchen, full bath, and access to the back yard and parking spaces. Leased for $1125/mt. Unit B (Upper Level)- 3 bedroom, living room/dining room combo with open floor plan, full bath and extra storage. Leased for $1425/mt. Current Lease agreement for unit A 10/1/2024- 7/26/2025. ***Tenants may be home when showing the property.

Listing Agent

Rob McCain

Urban Acres Real Estate Corridor Listed on: 02/18/2025

Urban Acres Real Estate Corridor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,424

Year Built

  • Built in 1935

Parking

  • 4 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 2,295 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Location

  • Property is near schools
  • Property is near shops

Schools

  • Garfield Elementary School
  • Franklin Middle School
  • Washington High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Internet Available

Additional Features

  • Grid-tied solar system exports excess electricity
  • Lot Dimensions are 140x26

Listing and Financial Details

  • Assessor Parcel Number 14222-26022-00000

Community Details

Overview

  • 2 Units
  • Coe College Subdivision

Recreation

  • Community Playground

Building Details

  • Gross Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,424

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: 2-unit turn-key duplex, excellent investment opportunity close to Mt. Mercy, Coe College, Mercy Hospital, Garfield Elementary, Fairfield Middle School, and Washington High School. Completely renovated from the studs out, new appliances, light fixtures, flooring, paint, plumbing, electrical, HVAC, separate water, gas, and electric meters, shared laundry in the LL, 4 parking spaces, and easy to show. Unit A (Main Level)- 2 bedrooms, living room, separate dining room, full kitchen, full bath, and access to the back yard and parking spaces. Leased for $1125/mt. Unit B (Upper Level)- 3 bedroom, living room/dining room combo with open floor plan, full bath and extra storage. Leased for $1425/mt. Current Lease agreement for unit A 10/1/2024- 7/26/2025. ***Tenants may be home when showing the property.
  • Year Built: 1935
  • Tax Year Report: 2023
  • Subdivision: Coe College
  • Rental Permit: Yes
  • Directions: From 1st Ave SE to N on 16th St NE to SW on C Ave.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Playground, Sidewalks, Street Lights, Close to School, Close to Shopping
  • Basement Remarks: Block, Full, Unfinished
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Microwave, Washer
  • Sq Ft Above: 2295

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Gas, Central

Schools

  • Elementary School: Garfield
  • Middle School: Franklin
  • High School: Washington
  • High School: Washington
  • Jr Middle School: Franklin
  • Elementary School: Garfield

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 140x26
  • Zoning: Residential

Green Features

  • Energy Generation: Grid-tied

Tax Info

  • Gross Tax County City: 996
  • Assessor Parcel Number: 14222-26022-00000

Multi Family

  • Units Total: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2023 $1,424 $56,300 $14,300 $42,000
2022 $1,569 $76,400 $14,300 $62,100
2021 $1,380 $63,300 $11,700 $51,600
2020 $175 $62,500 $10,400 $52,100
2019 $1,122 $62,500 $10,400 $52,100
2018 $1,841 $52,100 $10,400 $41,700
2017 $1,708 $75,600 $10,400 $65,200
2016 $1,708 $80,400 $10,400 $70,000
2015 $1,584 $74,435 $10,400 $64,035
2014 $1,584 $78,376 $10,400 $67,976
2013 $1,632 $78,376 $10,400 $67,976
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2025 02/18/25 For Sale $225,000 -- $98 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $37,000 --
Interfamily Deed Transfer -- None Available
Warranty Deed $65,000 None Available
Special Warranty Deed $47,500 Title Services Corporation
Sheriffs Deed $59,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $172,000 New Conventional
Closed $215,000 Credit Line Revolving
Previous Owner $52,000 Adjustable Rate Mortgage/ARM
Previous Owner $46,972 Unknown
Previous Owner $5,000 Unknown
Previous Owner $48,168 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Rob McCain
Rob McCain

Urban Acres Real Estate Corridor

(319) 220-5638

Section Image

Although you might see him clowning around from time to time, this REALTOR® knows how to put his nose to the grindstone. Rob grew up in a small town in Iowa, where he had the privilege of taking on jobs that prepared him for real estate. His father was a drywaller, and Rob spent many hours on job sites hauling materials and cleaning up.

In high school, Rob helped local farmers with planting, harvesting, and feeding livestock. Then in college, he worked in Hills building and installing

View Rob's Profile

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Source: Iowa City Area Association of REALTORS®

MLS Number: 202501153

Iowa City Area Association of REALTORS®

APN: 14222-26022-00000

Iowa Linn County Cedar Rapids 52402 Mound View

1516 C Ave NE Unit A & B, Cedar Rapids, IA

This home is located at 1516 C Ave NE Unit A & B, Cedar Rapids, IA 52402 and is currently priced at $225,000, approximately $98 per square foot. This property was built in 1935. 1516 C Ave NE Unit A & B is a home located in Linn County with nearby schools including Garfield Elementary School, Franklin Middle School, and George Washington High School.

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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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Rob McCain
Rob McCain
Listing Agent Section Image
Urban Acres Real Estate Corridor
(319) 220-5638