*** Sale Pending ***This fully leased, very well taken care of, turnkey triplex is unbelievable. The lower unit is 3 bed 2 bath with basement access, in unit washer/dryer, tiled master bath shower with dual shower heads, beautiful kitchen with tiled backsplash, French doors to the master bedroom and garage and rents for $1,000. The two upstairs units are each 1 bed 1 bath with shared laundry, off street parking and completely updated. 1 rents for $625 and the other for $575. Tenants receive a $25 discount when paid prior to the first. You won’t find a multifamily in this great of condition. Gas and Electric are metered separately & landlord currently pays water (approx. $125/mo)
Miscellaneous: Basement, Common Laundry-Owned, Deck/Patio, Garage, Parking Spaces, Sep. Meter – Electric, Sep. Meter – Gas, Ten Storag, Unit Laundry
Net Tax: 2354
Noof Units One Bedroom: 2
Noof Units Three Bedroom: 1
Property Sub Types: 1-4 Units
Property Type: Multi-Family
Ratio Close Price By List Price: 0.96954
Ratio Close Price By Original Li: 0.96954
Ratio Current Price By Sq Ft: 94.65
Total Sq Ft: 2018
Style St: Upper/Lower
Tenants Responsibilities Include: Electricity, Gas
Water Sewer Roads: City Sewer, City Water
Special Features: None
Property Sub Type: MultiFamily
Year Built: 1895
Exterior Features
Construction Methods: Frame
Exterior: Vinyl
Garage/Parking
Number Of Parking Spaces: 3
Utilities
Heating Cooling: Central Air, Electricity Heat, Forced Air, Gas Heat, Window/Wall Air
Schools
Elementary School: Taylor
Middle School: Wilson
High School: Jefferson
Lot Info
Lot Size: Irregular
Rental Info
Owner Pays: Water
Total Expenses: 8379
Multi Family
Gross Income: 25350
Net Operating Income: 16971.00
Ownership History
DateNameOwned ForOwner Type
Jun 2019 - PresentKmm Properties Llc5 Years and 11 Months
Company
Purchase Details
Listed on
May 9, 2019
Closed on
Jun 20, 2019
Sold by
Hoefle Jesse L and Hoefle Elizabeth
Bought by
Kmm Properties Llc
Seller's Agent
Tyler Donahue
COLDWELL BANKER HEDGES
Buyer's Agent
Adam Stradt
RE/MAX CONCEPTS
List Price
$197,000
Sold Price
$191,000
Premium/Discount to List
-$6,000
-3.05%
Total Days on Market
10
Current Estimated Value
$248,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,000
Avg. Annual Appreciation
5.76%
Original Mortgage
$152,800
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Feb 2007 - Jun 2019Hoefle Jesse L and Hoefle Elizabeth12 Years and 4 Months
Private Individual
Purchase Details
Closed on
Feb 7, 2007
Sold by
Starkey Miles L and Starkey Diane M
Bought by
Hoefle Jesse L and Hoefle Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,112
Interest Rate
6.22%
Mortgage Type
FHA
May 1999 - Feb 2007Starkey Miles L7 Years and 9 Months
Private Individual
Purchase Details
Closed on
May 14, 1999
Sold by
Myers John E and Myers Mary F
Bought by
Starkey Miles L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,972
Interest Rate
6.92%
Mortgage Type
FHA
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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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
Source: Cedar Rapids Area Association of REALTORS®
Tax History
Year
Tax Paid
Tax AssessmentTax 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
$3,036
$152,900
$20,000
$132,900
2022
$3,510
$143,900
$20,000
$123,900
2021
$2,782
$143,900
$20,000
$123,900
2020
$2,782
$105,400
$12,000
$93,400
2019
$2,252
$79,300
$12,000
$67,300
2018
$2,354
$79,300
$12,000
$67,300
2017
$2,102
$63,800
$12,000
$51,800
2016
$2,102
$63,800
$12,000
$51,800
2015
$2,162
$62,923
$12,000
$50,923
2014
$2,162
$57,741
$6,804
$50,937
2013
$2,100
$57,741
$6,804
$50,937
Source: Public Records
Source: Cedar Rapids Area Association of REALTORS®
This home is located at 710 2nd Ave SW, Cedar Rapids, IA 52404 and is currently priced at $191,000, approximately $94 per square foot. This property was built in 1895. 710 2nd Ave SW is a home located in Linn County with nearby schools including Cedar River Academy at Taylor Elementary School, Wilson Middle School, and Thomas Jefferson High School.
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