1601-1607 Centerpoint Rd NE, Cedar Rapids, IA 52402
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tony Lueken

Tony Lueken

+1(319) 480-3875
$ 1,300,000
Est. payment | /mo

7,168 SqFt

Save
$ 1,300,000
Est. payment | /mo
Save

7,168 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,168 sqft

Price per Sqft $181

MLS Listing ID 2606437

HOA Y/N No

Total Fin. Sqft 7168

Year Built 1966

Annual Tax Amount $19,702

Lot Size 0.900 Acres

Acres 0.9

Property Sub-Type Multi Family

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.

Location

State IA

County Linn

Area Ne Quadrant

Rooms

Basement Concrete

Interior

Interior Features InteriorFeatures

Heating Forced Air, Gas

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Utilities Available Separate Meters

Water Access Desc Public

Garage Yes

Building

Foundation Poured

Sewer Community/Coop Sewer, Public Sewer

Water Public

Structure Type Frame,Vinyl Siding

Schools

Elementary Schools Trailside

Middle Schools Franklin

High Schools Washington

Others

Tax ID 141612601800000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Freedom REMI LLC

NEARBY SCHOOL & BUSINESS

Tony Lueken

+1(319) 480-3875

tony@luekenre.com

4515 N River Blvd NE, Cedar Rapids, IA 52411, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Tony Lueken, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1601-1607 Centerpoint Rd NE