1601-1607 Centerpoint Rd Ne
Cedar Rapids, IA 52402

$1,300,000

  • 7,168
    Square Feet

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...read more operational footprint with opportunities to modernize unit interiors and optimize rental income streamsListing agent is a licensed broker in the state of Iowa.

Property Highlights

  • Cooling

    Central Air

  • Heating

    Forced Air, Gas

  • Taxes

    $19,702 Taxes

  • Water

    Public

  • Year Built

    Built in 1966

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