1601-1607 Centerpoint Rd Ne, Cedar Rapids, IA 52402

$1,300,000
7,168
SqFt
List Price
$1,300,000
MLS#
2606437
Status
ACTIVE
County
Linn
City
Cedar Rapids
Living Area
7,168
Acres
0.90

Property Description

Interiors: Functional 2-bed/1-bath configurations, central air conditioning, select units featuring fireplaces or private balconies.Community Conveniences: Shared on-site laundry facilities and dedicated off-street parking. Garages also available for rent.Utility Structure: Landlord covers water and trash removal; tenants are responsible for individual gas and electric usage.Financial & Market UpsideStable Rental Demand: Historically strong demand for affordable 2-bedroom suburban rentals, with market rents tracking around $800 to $895+ per month per unit.Value-Add Potential: Built in 1977, the property offers incoming investors a classic operational footprint with opportunities to modernize unit interiors and optimize rental income streams Listing agent is a licensed broker in the state of Iowa.

Additional Information

Days on Market
0
Year Built
1966
Cooling
Central Air
Heating
Forced Air, Natural Gas
Elementary School
Trailside
Middle School
Franklin
High School
Washington

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Freedom REMI LLC.