A bill which modifies the relationship between the landlord and tenant relationship has been passed through the legislative process and will become effective July 1, 2013. 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
Cedar Rapids secures Moody’s top bond rating.
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/
Home builders turning to rental apartment building
This statement caught our attention reading this article recently: 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 [...]
Price Improved: 1233 3rd Ave SE
The price has been improved on the 16 units at 1233 3rd Ave SE to $255,000. 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 [...]
16 units / 2 – 8 Plex buildings recently listed
MultiFamily Associates recently listed 16 units made up of two 8 unit buildings face to face. 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 [...]
New duplex listing: 2710 O Ave NW, Cedar Rapids, IA
We recently listed a fully leased duplex at 2710 O Ave NW. 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
Price reduction and 10% carry back option
Wilshire Apartments has been reduced to $350,000 and the owner is willing to carry back a 10% 2nd mortgage for any buyer with 10% down and 80% bank financing. Click the link below for more details: http://www.loopnet.com/lid/17440282
New Multifamily Listing: Flagstone Apartments 300 31st St NE Cedar Rapids Ia
Multifamily Associates has just listed the Flagstone Apartments for sale in Cedar Rapids. 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 [...]
New Listing: Taylor Apartments in Dubuque
We’ve recently listed the Taylor Apartments in Dubuque Ia. View more details here: http://www.loopnet.com/lid/17759122 Highlights Brick Exterior Pre-stressed concrete floors Quiet residential neighborhood Great rental history Description Well built 13 two bedroom units in nice neighborhood. All pre-stressed concrete floors & masonry exterior plus storage lockers, laundry room and two drive under garages. Buyer can also [...]
CCIM Investment Trends Quarterly Report
The CCIM 2nd Quarter Investments trends report was recently released. You can download a copy here to review: 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!
