702 9th St SW Cedar Rapids, IA 52404
Listing Courtesy of: CEDAR RAPIDS / Coldwell Banker Hedges Realty / Jeremy Trenkamp

  702 9th St SW Cedar Rapids, IA 52404

Active (3 Days)
$199,000

Description

Turnkey Triplex–Fully Renovated and Ready for Cash Flow! Don't miss this exceptional investment opportunity on the quiet SW side of Cedar Rapids! Clean and fully updated its ready for a new owner to start collecting income immediately. Recent renovations within the last 6 years include: new roof, siding, windows, paint, flooring, full kitchen and bathroom remodels, and updated mechanicals—all separated for tenant convenience. Each unit has its own electric meter, while the owner covers water. The building is currently vacant, allowing for easy showings and flexibility for owner-occupants or new tenant placements. Rental History: (2) One-bedroom units previously rented at $675 and $715 (1) Three-bedroom upper unit previously rented at $1,040The property also features alley access, a detached garage, and low-maintenance exterior. This is a perfect addition to your rental portfolio or a great start for a first-time investor!

MLS #:
2504710
Taxes
$2,880
Lot Size
7,667 SQFT
Type
Multifamily
Year Built
1905
County
Linn County

Listed By

Jeremy Trenkamp, Coldwell Banker Hedges Realty
Source
CEDAR RAPIDS
Last checked Jun 28 2025 at 8:00 PM GMT+0000
Bathroom Details
Property Features
  • Foundation: Block
Heating and Cooling
  • Forced Air
  • Gas
  • Central Air
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
School Information
  • Elementary School: Cedar River Academy
  • Middle School: Wilson
  • High School: Jefferson
Living Area
  • 2,303 sqft
Location
   
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Disclaimer: Copyright 2025 Cedar Rapids Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/28/25 13:00