NOT LISTED FOR SALE

3751 12th Ave SW Cedar Rapids, IA 52404

-- Bed
-- Bath
15,996 Sq Ft
0.93 Acres

Last Sold May 13, 2024

Last sale price $1,185,000 $74 Per Sq Ft

35 Days on Market

Highlights

  • Solar Power System
  • Hot Water Heating System
  • Garage
  • Central Air

About This Home

As of May 2024

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.

Last Agent to Sell the Property

Becky Stonawski

SKOGMAN REALTY Listed on: 02/26/2024

SKOGMAN REALTY

Last Buyer's Agent

Donald Fieldhouse

Cedar Rapids Area Association of REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,306

Year Built

  • 1975

Lot Details

  • 0.93

Parking

  • Garage

Home Design

  • 15,996 Sq Ft Home
  • Slab Foundation
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Central Air
  • Hot Water Heating System
  • Separate Meters

Additional Features

  • Solar Power System
  • 0.93 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,306

Year Built

1975

Lot Details

0

Listing Details

  • Acres: 0.9270
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 21306
  • Last City Inspection: Feb 2023
  • List User Cell Phone: 319-480-3740
  • Miscellaneous: Common Laundry-Owned, Garage, Parking Spaces, Sep. Meter – Electric, Solar Panels
  • Noof Units One Bedroom: 8
  • Noof Units Two Bedroom: 12
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.94800
  • Ratio Close Price By Original Li: 0.94800
  • Ratio Current Price By Sq Ft: 74.08
  • Total Sq Ft: 15996
  • Style St: Flat/Apartment
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Central Air, Hot Water Heat

Schools

  • Elementary School: Hoover
  • Middle School: Roosevelt
  • High School: Jefferson

Lot Info

  • Lot Size: 40,380

Rental Info

  • Owner Pays: Water, Electricity, Gas

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2024 05/13/24 Sold $1,185,000 -5.2% $74 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $1,250,000 +92.3% $78 / Sq Ft
07/12/2018 07/12/18 Sold $650,000 -5.8% $81 / Sq Ft
05/18/2018 05/18/18 For Sale $690,000 -- $86 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Becky Stonawski

    Seller's Agent in 2024

    Becky Stonawski

    SKOGMAN REALTY

    (319) 480-3740

    15 Total Sales

    Becky Stonawski
    Section Image

  • D

    Buyer's Agent in 2024

    Donald Fieldhouse

    Cedar Rapids Area Association of REALTORS

    (239) 774-6598

    4,965 Total Sales

    Donald Fieldhouse
    Section Image
  • Darin Garman

    Seller's Agent in 2018

    Darin Garman

    HEARTLAND INVESTMENT REAL ESTATE, LLC

    (319) 540-9070

    26 Total Sales

    Darin Garman
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2401235

Cedar Rapids Area Association of REALTORS®
Iowa Linn County Cedar Rapids 52404

3751 12th Ave SW, Cedar Rapids, IA

This home is located at 3751 12th Ave SW, Cedar Rapids, IA 52404 since 26 February 2024. This property was built in 1975. 3751 12th Ave SW is a home located in Linn County with nearby schools including Hoover Elementary School, Roosevelt Creative Corridor Business Academy, and Thomas Jefferson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cedar Rapids Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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