Description
Listing also includes 112/115 29th St NE and 2900/2912 1st Ave NE, Cedar Rapids. 4 historic properties restored by seller creating unique spaces for 5 commercial businesses and 5 apartments ranging from a studio to a 3 bedroom. Numerous improvements to the buildings and exterior parking. All new streets/sidewalks by the city. Plus a major trail connection next to 2900 First Avenue NE. 10 car overflow parking lot at 115 29th Street NE. 100% leased with lease rates increasing annually. Gross income projected at $135,000 for 2023. Owners will consider individual property sales of 901 Oakland Rd NE, $285,000; 2900/2912/115 29th Street NE, $625,000 and 112 29th Street NE, $195,000. Additional parcel #s, 14113-53007-00000, 14142-27002-00000, 1411-53006-00000
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Listing also includes 112/115 29th St NE and 2900/2912 1st Ave NE, Cedar Rapids. 4 historic properties restored by seller creating unique spaces for 5 commercial businesses and 5 apartments ranging from a studio to a 3 bedroom. Numerous improvements to the buildings and exterior parking. All new streets/sidewalks by the city. Plus a major trail connection next to 2900 First Avenue NE. 10 car overflow parking lot at 115 29th Street NE. 100% leased with lease rates increasing annually. Gross income projected at $135,000 for 2023. Owners will consider individual property sales of 901 Oakland Rd NE, $285,000; 2900/2912/115 29th Street NE, $625,000 and 112 29th Street NE, $195,000. Additional parcel #s, 14113-53007-00000, 14142-27002-00000, 1411-53006-00000