361 30th Street Dr SE - Apartments FOR SALE


Cedar Rapids, IA 52403
$725,000 USD
319-350-5378
361 30th Street Dr SE, Cedar Rapids, IA for Sale
$725,000 USD
Apartments - FOR SALE
1/1
null | 5.74% Cap Rate

361 30th Street Dr SE
Cedar Rapids, IA 52403


HIGHLIGHTS

  • Lots of room for rental increases!
  • All units separately metered!
  • Great location!

OVERVIEW

Sale consists of 12 apartment units and 12 garages right off of First Ave right outside of downtown Cedar Rapids. Current owner left lots of room for value add opportunity. Current rents are believed to be below market. The property is currently 100% occupied. Owner only pays common area utilities. Property is all separately metered for each unit. The location is superb, next to great shopping, and eatery. To schedule a showing or for more information please email or call Isaiah Garman: isaiah@heartlandcondos.com 319-540-9070

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

12

PRICE/UNIT

$60,417

CAP RATE

5.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

Multi-Family

APN/PARCEL ID

14113-80001-00000

ASK ABOUT THIS PROPERTY

Darin GarmanHeartland Investment PartnersMore Info
319-350-5378

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Darin GarmanHeartland Investment PartnersMore Info
319-350-5378

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.