Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Hedges Realty
Property view

420 Water Street, 
Center Point, IA 52213

$365,000


Bed


Bath


5,108

Sq Ft


Multi-Family

Sold

Listed by

Nick Wallraff

Bought with Pinnacle Realty LLC

Keller Williams 1 Advantage

515-334-4900

MLS#

2403461

Source:

IA CRAAR

Sorry, we are unable to map this address

About This Home

420 Water Street

Hard to find 8 plex in Center Point IA. This property has one large 2 bedroom unit, three regular 2 bedroom units, and four 1 bedroom units. It also has a 1 stall garage. This building has great rental history. Tenants have been long term and the owner-manager has done a very good job placing tenants. Currently all but one apartment are occupied and the final apartment is undergoing renovations. Tons of updates and Capex improvements have been made by the current owner. This includes new kitchens, bathrooms, fixtures, etc. There is a laundry room on site that is plumbed and wired for two washers and two dryers. The owner was planning on installing a Shinepay/Smart Coin Box type system. Between the below market rents and the laundry addition this property has plenty of room to increase monthly income!"

Home Facts

Multi-Family

Built in 1948

Price Summary

375,000

$73 per Sq. Ft.

MLS #:

2403461

Sold:

March 7, 2025


Rooms & Interior

Interior

Living Area:

5,108 Sq. Ft.


Structure

Structure

Year Built:

1948


Lot

Lot Size (Sq. Ft):

25,221


Finances & Disclosures

Finances

Price:

$375,000

Price per Sq. Ft:

$73 per Sq. Ft.

Source:IA CRAAR
The information being provided by Cedar Rapids Area Association of Realtors is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Cedar Rapids Area Association of Realtors All rights reserved.