2503 Olive St Cedar Falls, IA 50613

This exceptional investment opportunity presents a four-unit multifamily property located at 2503 Olive Street, Cedar Falls, Iowa, 50613. The property, built in 1890, boasts a total of 3,298 square feet on a 5,561 square foot lot and is zoned R-4. The two-story building comprises four units: two three-bedroom units and two one-bedroom units, totaling eight bedrooms and six full bathrooms. Each unit offers comfortable living space and modern amenities. A fully finished basement provides convenient on-site laundry facilities for tenants. The property's proximity to the college campus makes it ideal for student renters, ensuring consistent rental income and strong long-term growth potential. The asking price is $360,000, translating to $109.16 per square foot. Seller financing is available. This stabilized rental investment offers a compelling opportunity for investors seeking a strong return in a desirable location. The property's solid construction and high occupancy potential make it a particularly attractive investment.