$140,000
SOLD FEB 10, 2025
-- Bed
-- Bath
2,256 Sq Ft
5,619 Sq Ft Lot

Recently Sold

$62 Per Sq Ft

15% Below List Price

112 Days on Market

Highlights

  • Deck
  • Patio
  • Heating System Uses Gas
  • No HOA

About This Home

As of February 2025

Fantastic investment opportunity in a well-maintained triplex located in a desirable neighborhood! This income-generating property offers three units: a 1-bedroom, a 2-bedroom, and a spacious 3-bedroom apartment. Each unit has been thoughtfully designed with comfortable living spaces, and the property boasts low-maintenance vinyl siding and many newer vinyl windows. A parking pad provides ample off-street parking for tenants. With steady rental income and great curb appeal, this property is an excellent addition to any investor’s portfolio

Last Agent to Sell the Property

Jeremy Emmert

COLDWELL BANKER HEDGES Listed on: 09/13/2024

COLDWELL BANKER HEDGES

Last Buyer's Agent

Michelle David

Pinnacle Realty LLC

Pinnacle Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,524

Year Built

  • Built in 1900

Lot Details

  • 5,619 Sq Ft Lot
  • Lot Dimensions are 40x140

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,256 Sq Ft Home
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio

Schools

  • Harrison Elementary School
  • Roosevelt Middle School
  • Jefferson High School

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 14204-65005-00000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $155
  • Gross Income $2,150
  • Net Operating Income $1,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,524

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.129
  • Co List Office Phone: 319-378-8760
  • MLS Status: Closed
  • Directions: From 1st Ave, N on 10th St NW, W on E Ave NW, N on 10th St NW, E on F Ave NW
  • Year Built: 1900
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 3.0

Utilities

  • Sewer: Public Sewer
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Harrison
  • High School: Jefferson
  • Middle Or Junior School: Roosevelt

Lot Info

  • Lot Dimensions: 40x140
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14204-65005-00000
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 2150.0
  • Net Operating Income: 1995.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 155.0
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 2524.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Feb 9, 2025
Sold by
Bcmt Llc
Bought by
Saucedo Calob and Grant Derrick
Seller's Agent
Jeremy Emmert
COLDWELL BANKER HEDGES
Buyer's Agent
Michelle David
Pinnacle Realty LLC
List Price
$164,900
Sold Price
$140,000
Premium/Discount to List
-$24,900
-15.1%
Views
83
Current Estimated Value
$138,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,758
Avg. Annual Appreciation
-3.45%
Original Mortgage
$126,000
Outstanding Balance
$125,790
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$12,452

Purchase Details

Closed on
Sep 22, 2009
Sold by
Mwabank
Bought by
Bcmt Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,250
Interest Rate
5.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 23, 2005
Sold by
Nguyen Phong T and Nguyen Yen Linn
Bought by
Holmes Harry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,720
Interest Rate
8.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 11, 2000
Sold by
Vanngo Ro Van and Ngo Tu Anh Thi
Bought by
Nguyen Phong T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
8.31%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $139,875 None Listed On Document
Corporate Deed $18,500 None Available
Warranty Deed $75,500 --
Warranty Deed $59,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $126,000 New Conventional
Closed $126,000 New Conventional
Previous Owner $66,320 Stand Alone Refi Refinance Of Original Loan
Previous Owner $85,000 Future Advance Clause Open End Mortgage
Previous Owner $14,250 Future Advance Clause Open End Mortgage
Previous Owner $67,600 Commercial
Previous Owner $60,720 Commercial
Previous Owner $48,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Sold $140,000 +0.1% $62 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
12/09/2024 12/09/24 Price Changed $139,900 -6.1% $62 / Sq Ft
11/08/2024 11/08/24 Price Changed $149,000 -3.9% $66 / Sq Ft
11/01/2024 11/01/24 Price Changed $155,000 -3.1% $69 / Sq Ft
10/18/2024 10/18/24 Price Changed $159,900 -3.0% $71 / Sq Ft
10/11/2024 10/11/24 For Sale $164,900 -5.8% $73 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $175,000 -- $78 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

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 $164 $142,600 $22,000 $120,600
2022 $173 $137,900 $22,000 $115,900
2021 $2,714 $137,900 $22,000 $115,900
2020 $191 $102,800 $16,000 $86,800
2019 $2,885 $93,200 $16,000 $77,200
2018 $2,766 $93,200 $16,000 $77,200
2017 $2,468 $74,900 $16,000 $58,900
2016 $2,468 $74,900 $16,000 $58,900
2015 $2,556 $74,387 $16,000 $58,387
2014 $2,556 $65,790 $4,039 $61,751
2013 $2,392 $65,790 $4,039 $61,751
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2406355

Cedar Rapids Area Association of REALTORS®

APN: 14204-65005-00000