1020 240th Street #8 | MLS #2600943

Discover this well-maintained 2-bedroom, 2-bathroom condo in North Liberty, offering comfort, convenience, and a strong rental history. The open floor plan features a cozy fireplace, and in-unit washer and dryer for modern living. The property includes a 1-car garage plus an additional designated parking space. Situated in a prime location with quick access to I-380, local restaurants, and nearby businesses, this condo is perfectly placed for both commuters and residents who enjoy convenience. With the same reliable tenant occupying the unit for years, this property presents an excellent investment opportunity for any investor looking for steady rental income. The lease is on a month to month basis and the current tenant will need 45-days to vacate the property. The owner is collecting $1,200 per month in rent.

Source: Cedar Rapids Area MLS, MLS#: 2600943

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Property Type

Residential

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Owning this Home

Estimated Monthly Cost

Price

Down Payment

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Loan Length (years)

Interest Rate

* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1020 240th Street #8

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value
6/4/2026Source: Cedar Rapids Area MLS	Status Change	Pending
5/8/2026Source: Cedar Rapids Area MLS	Price Reduction	$162,000 -0.6%
3/26/2026Source: Cedar Rapids Area MLS	Price Reduction	$163,000 -1.2%
2/6/2026Source: Cedar Rapids Area MLS	Added to Database	February 06, 2026

Listing provided courtesy of SKOGMAN REALTY- MLS# 2600943