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Price Improved! 16 Units $225,000 in Cedar Rapids, IA

The owner says get it sold!

Price has been reduced to $225,000 on 16 units fully rented in Cedar Rapids.

12% CAP rate with a great rental history

Details are below, contact us for more details or to request a 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
1233 3rd Ave SE, Cedar Rapids, IA 52403
1233 3rd Ave SE, Cedar Rapids, IA 52403
Price: $225,000
No. Units: 16
Building Size: 6,150 SF
Price/Unit: $14,062.50
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 8/8/2013
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
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.
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