$1,185,000
$1,250,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
15,996 SqFt
SOLD DATE : 05/13/2024
Key Details
Sold Price $1,185,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,996 sqft
Price per Sqft $74
MLS Listing ID 2401235
Sold Date 05/13/24
HOA Y/N No
Total Fin. Sqft 15996
Year Built 1975
Annual Tax Amount $21,306
Lot Size 0.927 Acres
Acres 0.927
Property Sub-Type Multi Family
Property Description
20 Units at $62,500/unit! Exceptional 8 CAP opportunity!
This well maintained 20-unit apartment building offers a mix of comfortable 1 and 2 bedroom units with dedicated 1 car garages.
Each unit has natural gas furnace and central air conditioning, the property has good outside area lighting ensuring year-round comfort for residents. Additionally, the property is equipped with fully-paid for solar panels, providing sustainable energy and reducing utility expenses.
Recent upgrades include new siding, roofs, windows, and driveway. This contributes to the property's overall appeal, durability and dafety minimizing maintenance requirements and enhancing curb appeal.
Showings are available for pre-approved buyers with 24-hour notice.
Don't miss this opportunity to invest in a well-maintained, fully-occupied, multi-family property with potential rental increases. Schedule your showing today! Listing agent is partial owner.
Location
State IA
County Linn
Area Sw Quadrant
Interior
Interior Features InteriorFeatures
Heating Hot Water
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Parking Features Parking Space(s)
Utilities Available Separate Meters
Water Access Desc Public
Garage Yes
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Hoover
Middle Schools Roosevelt
High Schools Jefferson
Others
Tax ID 13254-54002-00000
Acceptable Financing Cash, Conventional
Green/Energy Cert Solar Panel(s)
Listing Terms Cash, Conventional
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Bought with Cedar Rapids Area Association of REALTORS
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