Contact us: 563.441.1776
Description
Rare opportunity to acquire a well-maintained, fully leased 4-unit multifamily investment property with each unit offering 2 bedrooms and 1 bathroom. Numerous significant capital improvements have been completed within the last five years, including a new roof, foundation improvements, HVAC units, a complete remodel of Unit 1, and additional property improvements. New gutters and common-area carpet are also scheduled to be installed this month. The property offers additional income potential, with current rents below estimated market rates and room for future increases. With limited 4-plex inventory currently available in the Cedar Rapids market, this is an excellent opportunity for an investor looking to add a stabilized multifamily asset with substantial recent improvements to their portfolio. Interior photos coming soon. Contact Listing Agent for additional details regarding improvements, leases, and financials.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 3,492
County: Linn
High School: Jefferson
Listed By:
GLD COMMERCIAL
Rachel Waters
319-731-3400
Cedar Rapids MLS
MLS ID: 2606041
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2841 Cory Court Sw, Cedar Rapids, IA 52404.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $315,000 | $315,000 | $315,000 |
| Down Payment | $63,000 | $11,025 | $78,750 |
| Monthly Mortgage Amount | $1,572 | $1,930 | $1,962 |
| Taxes | $438 | $438 | $438 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $139 | $0 |
| Monthly Estimated Total | $2,110 | $2,607 | $2,500 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 08/28/2026. The listing information on this page last changed on 08/28/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 08/28/2026 1:47:46 AM EST) or MRED MLS (last updated Fri 08/28/2026 1:43:12 AM EST) or SCWMLS (last updated Thu 08/27/2026 11:55:51 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 08/27/2026 10:15:27 PM EST) or Cedar Rapids MLS (last updated Thu 08/27/2026 10:44:33 PM EST) or NEIRBR MLS (last updated Fri 08/28/2026 1:19:00 AM EST) or ICAAR MLS (last updated Thu 08/27/2026 11:37:45 PM EST) or ECIMLS (last updated Thu 08/27/2026 11:44:42 PM EST) or RMLSA (last updated Fri 08/28/2026 1:11:06 AM EST) or Muscatine MLS (last updated Fri 08/28/2026 1:45:10 AM EST) or No Coast MLS (last updated Fri 08/28/2026 12:44:42 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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