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3902 1ST Avenue NE

Cedar Rapids, IA 52402
  • $284,900
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 2503851
UPDATED: 46 min ago
$284,900
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,904
    SQFT
  • $150
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1956
County:
Area:

School Ratings & Info

Description

Investors, take note! This well-maintained property on 1st Ave presents an excellent opportunity. The main level features a versatile commercial space, previously used as a beauty salon, ideal for a variety of business ventures. The upper level offers two beautifully remodeled one-bedroom apartments, with a private entrance for added convenience and privacy. The building is equipped with three newer furnaces and three newer central air units, all individually metered. Tenants are responsible for gas and electric, while the owner covers water and garbage. Fully leased and generating income, this property is a turnkey investment. Schedule your private showing today!

Monthly Payment Calculator

© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2025-06-14T15:42:54.903.
www.cedarrapidsareahomes.com/homes/164291507
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3902 1ST Avenue NE Cedar Rapids, IA 52402

  • Price: $284,900
  • Status: Active
  • On Site: 16 Days
  • Updated: 46 min ago
  • MLS #: 2503851
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1,904
SQFT
$150
$/SQFT
1956
Built
Neighborhood:
NE Quadrant
County:
Linn
Area:
NE Quadrant
Property Description
Investors, take note! This well-maintained property on 1st Ave presents an excellent opportunity. The main level features a versatile commercial space, previously used as a beauty salon, ideal for a variety of business ventures. The upper level offers two beautifully remodeled one-bedroom apartments, with a private entrance for added convenience and privacy. The building is equipped with three newer furnaces and three newer central air units, all individually metered. Tenants are responsible for gas and electric, while the owner covers water and garbage. Fully leased and generating income, this property is a turnkey investment. Schedule your private showing today!
Exterior Features

Construction Materials Frame Roof Asphalt Shingle

Interior Features

Basement YN Yes Cooling Central Air Cooling YN Yes Flooring See Remarks Wood Heating Gas Heating YN Yes Interior Features Storage Levels Two

Property Features

Association YN No Building Features Kitchen Facilities Multi- Tenant Private Restrooms Electric 220 Volts Inclusions Building Land Lease Considered YN No Listing Terms Cash Other Owner Pays Insurance Taxes Trash Collection Water Possession Negotiable Property Sub Type Office Property Sub Type Additional Office Investment Sewer Public Sewer Tax Annual Amount 3584 Tenant Pays Electricity Gas Heat Janitorial Service Utilities Electricity Available Natural Gas Available Water Source Public Zoning Commerci Zoning Description Commerci

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Laura Merchan of SKOGMAN REALTY: 319-366-6427.
© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2025-06-14T15:42:54.903.
 
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