Read more here: http://www.iowarealtors.com/posts/iar-news/2013/05/09/landlord-tenant-law-changes-coming-july-1-2013?utm_source=Mid-May+News&utm_campaign=Mid-May+News&utm_medium=email

For the 41st year in a row Cedar Rapids is in the top 8% of U.S. cities.  

In its Aaa rating Moody points to “solid economic indicators” enjoyed as a result of being a “regional hub of economic activity and employment”.

Read more here: http://thegazette.com/2013/05/13/city-again-secures-top-bond-rating-but-with-negative-outlook/

Since 2005, according to the U.S. Census Bureau, every new household formed has been a rental household. The sector has been underbuilt since 2004, so there is a lack of product available, which in turn has caused rents to rise steadily in most markets. New construction is increasing, but it is not even close to outpacing demand.

Read more here: http://www.cnbc.com/id/100407898/Home_Builders_Turn_to_Rental_Apartments

Is there new apartment construction in your area?

Contact us for a complete property package

Skogman Commercial Group MultiFamily Associates – (319) 360-6118 Multifamily Property For Sale 1233-1237 3rd Ave SE 1233 3rd Ave SE, Cedar Rapids, IA 52403 Price: $255,000 No. Units: 16 Building Size: 6,150 SF Price/Unit: $15,937.50 Property Type: Multifamily Property Sub-type: Garden/Low-Rise Property Use Type: Investment Commission Split: 3% Cap Rate: 11.60% Occupancy: 95% Lot Size: 11,200 SF Last Verified 1/25/2013 Listing ID 17969731   Map of 1233 3rd Ave SE, Cedar Rapids, IA 52403 (Linn County) Find out more about 1233 3rd Ave SE, Cedar Rapids   Description Price improved, over 11% CAP Rate. INCLUDES 1237 3RD AVE SE. 2 NICE SIDE BY SIDE 8-PLEXES. INDIVIDUAL GAS FURNACES, HOT WATER HEATERS AND STOVES. 11 FURNACES & WATER HEATERS HAVE BEEN REPLACED. FAIRLY STABLE TENANT BASE. Close to downtown Cedar Rapids   Skogman Commercial Group MultiFamily Associates – (319) 360-6118 The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.   LoopNet Commercial Real Estate CJ6DL9M

Contact us for a complete property package

Skogman Commercial Group MultiFamily Associates – (319) 360-6118 Multifamily Property For Sale 1233-1237 3rd Ave SE 1233 3rd Ave SE, Cedar Rapids, IA 52403 Price: $276,000 No. Units: 16 Building Size: 6,150 SF Price/Unit: $17,250 Property Type: Multifamily Property Sub-type: Garden/Low-Rise Property Use Type: Investment Commission Split: 3% Cap Rate: 10.72% Occupancy: 95% Lot Size: 11,200 SF Last Verified 1/8/2013 Listing ID 17969731   Map of 1233 3rd Ave SE, Cedar Rapids, IA 52403 (Linn County) Find out more about 1233 3rd Ave SE, Cedar Rapids   Description *INCLUDES 1237 3RD AVE SE. 2 NICE SIDE BY SIDE 8-PLEXES. INDIVIDUAL GAS FURNACES, HOT WATER HEATERS AND STOVES. 11 FURNACES & WATER HEATERS HAVE BEEN REPLACED. FAIRLY STABLE TENANT BASE. Close to downtown Cedar Rapids   Skogman Commercial Group MultiFamily Associates – (319) 360-6118 The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.   LoopNet Commercial Real Estate CJ6DL9M

Great rental history, tenants pay all utilities, in a nice neighborhood on a wooded lot.

Click here for more details: http://www.loopnet.com/lid/17906711

Click the link below for more details:

http://www.loopnet.com/lid/17440282

The property is listed at $376,000 and consists of 16 – 1 bedroom units, 100% rented!

• Tenants pay all utilities and each unit has separate furnace and water heater
• Recently painted exterior in a quiet neighborhood.
• Current owner has had the property for over 20 years!

To get more details call Bob Wilkes at 319-540-1178 or email Team@MultiFamilyAssociates.com and request a complete property package.

To view all our current listing visit http://MultiFamilyAssociates.com/Inventory

View more details here: http://www.loopnet.com/lid/17759122

You can download a copy here to review: Investment Trends Quarterly 2Q12 (94)

Apartment trends are found on Page 13.

We’ve had a very busy 2012 with a number of sales and closings as well as a number of new listings. The apartment markets in eastern Iowa are very solid!