2841 Cory Ct SW, Cedar Rapids, IA 52404
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2841 Cory Ct SW, Cedar Rapids, IA 52404
2841 Cory Ct SW, Cedar Rapids, IA 52404
2841 Cory Ct SW, Cedar Rapids, IA 52404
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Ethan Graham

Ethan Graham

+1(319) 777-1254
$ 315,000
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2841 Cory Ct SW Cedar Rapids, IA 52404

1 Bath

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202605236

Style Split

HOA Y/N No

Abv Grd Liv Area 1,746

Year Built 1981

Annual Tax Amount $4,546

Tax Year 2025

Property Sub-Type Multi Family

Property Description

Acquire a well-maintained, fully leased 4-unit multifamily investment property. Each unit offers 2 bedrooms and 1 bathroom. Numerous significant capital improvements have been completed within the last 5 years, including a new roof, foundation improvements, HVAC units, a complete remodel of Unit 1, plus additional improvements. New gutters and common-area carpet are scheduled to be installed this month. The property offers additional income potential, with current rents below estimated market rates. With limited 4-plex inventory currently available in the Cedar Rapids market, this is an opportunity for an investor looking to add a stabilized multifamily asset to their portfolio. Contact LA for additional details regarding improvements, leases, and financials.

Location

State IA

County Linn

Zoning Trad Res High

Direction From I380, take Wilson Ave exit, turn south on 6th Street SW, then east on 28th Ave SW. Turn onto Cory Ct. and the 4plex is on your left.

Rooms

Basement Daylight

Interior

Heating Electric, Forced Air, Steam

Cooling Central Air

Fireplaces Type None

Laundry Laundry Room

Exterior

Parking Features Off Street

Community Features On Bus Line, Street Lights, Other

Utilities Available City Sewer, City Water

Total Parking Spaces 4

Building

Structure Type Brick,Vinyl,Frame

New Construction No

Schools

Elementary Schools Grant Wood

Middle Schools Wilson

High Schools Jefferson

Others

HOA Fee Include Water

Tax ID 14333-53018-00000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by GLD Commercial Real Estate Advisors
Ethan Graham

Ethan Graham

Agent

+1(319) 777-1254

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2841 Cory Ct SW