NOT LISTED FOR SALE

2135 Blairs Ferry Rd NE Cedar Rapids, IA 52402

-- Bed
-- Bath
8,187 Sq Ft
0.34 Acres

Last Sold October 11, 2019

Last sale price $475,000 $58 Per Sq Ft

65 Days on Market

About This Home

As of October 2019

Fully remodeled 12-plex with 4 brand new units and 8 remodeled units featuring new carpet, paint, and trim. Gross income represents projected income once fully occupied. All units are currently vacant. The buyer can have the option to pre-lease the building prior to closing. Great opportunity for a move-in ready investment property with the ability to qualify your own tenants. Separate electric meters.

Last Listed By

Stefan Doerrfeld

Twenty40 Real Estate + Development Listed on: 06/24/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,994

Year Built

  • 1965

Lot Details

  • 0.34

Parking

  • 12 Parking Spaces

Home Design

  • 8,187 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Additional Features

  • 0.34 Acre Lot
  • Hot Water Heating System

Community Details

  • Gross Income $85,680

Listing and Financial Details

  • The owner pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,994

Year Built

1965

Lot Details

0

Listing Details

  • Acres: 0.3410
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 8994
  • List User Cell Phone: 319-361-3881
  • Miscellaneous: Common Laundry-Owned
  • Net Tax: 8994
  • Noof Units One Bedroom: 12
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.95019
  • Ratio Close Price By Original Li: 0.86364
  • Ratio Current Price By Sq Ft: 58.02
  • Total Sq Ft: 8187
  • Style St: Flat/Apartment, Upper/Lower
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Exterior Features

  • Construction Methods: Frame
  • Exterior: Partial Brick, Vinyl

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Heating Cooling: Hot Water Heat

Schools

  • Elementary School: Wright
  • Middle School: Harding
  • High School: Kennedy

Lot Info

  • Lot Size: Irregular

Rental Info

  • Owner Pays: Water, Electricity, Gas

Multi Family

  • Gross Income: 85680

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $475,000 -5.0% $58 / Sq Ft
08/28/2019 08/28/19 Pending -- -- --
08/28/2019 08/28/19 Price Changed $499,900 -4.8% $61 / Sq Ft
08/07/2019 08/07/19 Price Changed $525,000 -4.5% $64 / Sq Ft
06/24/2019 06/24/19 For Sale $550,000 +114.4% $67 / Sq Ft
06/23/2016 06/23/16 Sold $256,500 -19.3% $32 / Sq Ft
04/16/2016 04/16/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $318,000 -- $39 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Stefan Doerrfeld

    Seller's Agent in 2019

    Stefan Doerrfeld

    Twenty40 Real Estate + Development

    (319) 378-8760

    Section Image

  • G

    Buyer's Agent in 2019

    Graf Home Selling Team

    GRAF HOME SELLING TEAM & ASSOCIATES

  • Jeremy Tipton

    Seller's Agent in 2016

    Jeremy Tipton

    IOWA REALTY COMMERCIAL

    (319) 378-6827

    69 Total Sales

    Jeremy Tipton
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Bob Hanson

    IOWA REALTY

See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 1904720

Cedar Rapids Area Association of REALTORS®

Iowa Linn County Cedar Rapids 52233

2135 Blairs Ferry Rd NE, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 2135 Blairs Ferry Rd NE, Cedar Rapids, IA 52402 since 24 June 2019. This property was built in 1965. 2135 Blairs Ferry Rd NE is a home located in Linn County with nearby schools including Wright Elementary School, Harding 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.

Cedar Rapids Area Association of REALTORS® 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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