Description
Mixed-use investment opportunity with strong income potential! This 2,666 sq. ft. property features a vacant commercial storefront with excellent visibility along 1st Ave SE and four residential apartments, with two units currently occupied and two ready for leasing. Recent updates include fresh paint and updated flooring, helping reduce upfront expenses. The flexible commercial space is ideal for retail, office, salon, or service-based businesses, while the residential units provide immediate and future rental income opportunities. Complete with off-street parking and a convenient location near downtown Cedar Rapids, this property offers excellent potential for investors and owner-occupants alike.
Property Highlights
Property Type: Commercial - Business
Year Built: 1905
General Information
County: Linn
Listed By:
Pinnacle Realty LLC
Tina Wing
319-393-0900
Cedar Rapids MLS
MLS ID: 2604289
Shown By
Agent Name: Kathleen Cobler
Agent Phone: (563) 340-0815
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Kathleen Cobler
Agent Phone: (563) 340-0815
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
1569 First Ave SE , Cedar Rapids, IA 52402.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $249,900 | $249,900 | $249,900 |
| Down Payment | $49,980 | $8,747 | $62,475 |
| Monthly Mortgage Amount | $1,215 | $1,511 | $1,544 |
| Taxes | $348 | $348 | $348 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $110 | $0 |
| Monthly Estimated Total | $1,663 | $2,069 | $1,992 |
Kathleen Cobler
Cell: (563) 340-0815
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