Properties

PROPERTY DETAILS
Property Description :

48 total units, includes 6 buildings with 8 units each. Most are 4 bedroom units. Each building has common laundry. Pro forma numbers provided estimate average unit rent to bring $1,150/month in rent with a 50% expense to income ratio. Current owners invested in updating units already and contractor is on deck to finish any remaining renovations. Currently going through lease up.

Property Type : Residential
Listing ID : 2404818
Listing Type : For Sale
Price : $3,500,000
Year Built : 1978
Lot Area : 1.61 Acre
Property Type : Multi Family
Zoning : S-RMF
Area : SW Quadrant
Possession : Immediately
Price/SqFt : $0.00
Property Description

48 total units, includes 6 buildings with 8 units each. Most are 4 bedroom units. Each building has common laundry. Pro forma numbers provided estimate average unit rent to bring $1,150/month in rent with a 50% expense to income ratio. Current owners invested in updating units already and contractor is on deck to finish any remaining renovations. Currently going through lease up.

Features
: Parking Space(s)
Address Map
US
IA
Linn
Cedar Rapids
52404
66th
100
Avenue
0
More Information
No
CSKN
SKOGMAN REALTY
Slab
College Comm
College Comm
College Comm
No
Public Sewer
0
$0
$0
: Common Area
0
0
0
SW
380-S to Kirkwood Blvd/Bowling St exit, right on ramp to kirkwood community college, merge onto kirkwood blvd sw, turn right onto 66th ave sw, destination on right.
No
No
No
42000
0
0
No
S-RMF
$55,697
$0
As Per Abstract
0
No
0
0
Yes
Yes
: Public
: Electricity , Water , Gas
0
7782839
White
T
whitesteve121
: Cedar Rapids Area Association Of Realtors
7782840
0
0 Sqft
100 66th Avenue SW

100 66th Avenue SW

100 66th Avenue, Cedar Rapids, IA 52404

  • Lot Area: 1.61 Acre
List Price: $3,500,000.00
Listing ID#2404818
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Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

Get More Information

Agent info

Listing Agent: Tim Lehman

Office: Edge Realty Group, Inc

Data courtesy of Cedar Rapids Area Association of Realtors MLS

Get More Information

Contact Agent

Listing Agent: Tim Lehman

Office: Edge Realty Group, Inc

Data courtesy of Cedar Rapids Area Association of Realtors MLS