$1,375,000

442 5th Ave SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated payment $8,572/month

Total Views 17,622
7 Beds
4 Baths
10,182 Sq Ft
$135 Price per Sq Ft

Highlights

  • Brick or Stone Mason
  • Property is near schools
  • Dining Room
  • Living Room
  • Central Air

About This Home

10-Unit multifamily residential investment sale opportunity - 6th Street Commons. This property, located just Southwest of Downtown Cedar Rapids, consists of 10 residential apartment units. Each unit has a washer and dryer, white appliances, central heat and AC and a balcony/patio. There is an exclusive parking field available for tenants and guests. The sale of 6th Street Commons includes a 0.232 Acre lot adjacent to the parking field (GPN: 142825903000000).

Listing Agent

Craig Byers

Q4 Real Estate Listed on: 01/29/2025

Q4 Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2018

Parking

  • 4 Parking Spaces

Home Design

  • Brick or Stone Mason
  • Frame Construction

Interior Spaces

  • 10,182 Sq Ft Home
  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Stepless Entry

Location

  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Taylor Elementary School
  • Wilson Middle School
  • Jefferson High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 142825903100000

Community Details

Overview

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, heating/cooling, mgmt fee, pest control/termite, sewer, water
  • 10 Units
  • Ap 9 Subdivision

Building Details

  • Security
  • Electric Expense $1,322
  • Fuel Expense $1,322
  • Insurance Expense $8,789
  • Maintenance Expense $2,526
  • Water Sewer Expense $1,554
  • Gross Income $142,472

Property Details

Home Type

Multi-Family

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: 10-Unit multifamily residential investment sale opportunity - 6th Street Commons. This property, located just Southwest of Downtown Cedar Rapids, consists of 10 residential apartment units. Each unit has a washer and dryer, white appliances, central heat and AC and a balcony/patio. There is an exclusive parking field available for tenants and guests. The sale of 6th Street Commons includes a 0.232 Acre lot adjacent to the parking field (GPN: 142825903000000).
  • Year Built: 2018
  • Zero Step Entry: Yes
  • Subdivision: AP 9
  • Rental Permit: Yes
  • Water Annually: 1554
  • Directions: Corner of 5th Avenue and 6th Street SW just southwest of downtown Cedar Rapids with easy access to I-380 and Highway 30
  • L O1 Dues Paid: y
  • Amenities: Security, Sidewalks, Street Lights, Close to School, Close to Shopping, On Bus Line
  • Basement Remarks: See Remarks
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Microwave, Washer
  • Sq Ft Above: 10182

Exterior Features

  • Construction: Frame, Masonry

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 1322
  • Gas Annually: 1322
  • Heating Cooling: Gas, Central

Condo/Co-op/Association

  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Heating/Cooling, Mgmt Fee, Pest Control/Termite, Sewer, Water

Schools

  • High School: Jefferson
  • Jr Middle School: Wilson
  • Elementary School: Taylor

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: Irregular
  • Zoning: Traditional Residential Flex

Tax Info

  • Assessor Parcel Number: 142825903100000

Multi Family

  • Units Total: 10

Map

Range of Values:

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Average Value
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List 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 List to Sale Price per Sq Ft
01/29/2025 01/29/25 For Sale $1,375,000 -- $135 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202500773

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

442 5th Ave SW, Cedar Rapids, IA

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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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Craig Byers
Listing Agent
Craig Byers
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Q4 Real Estate
(319) 271-8733