$1,375,000

Estimated payment $9,209/month

Total Views 13,654
-- Bed
-- Bath
10,182 Sq Ft
$135 Price per Sq Ft

Highlights

  • 0.37 Acre Lot
  • Patio
  • Heating System Uses Gas
  • Deck
  • Central Air

About This Home

10-Unit Multifamily Residential Investment Sale consisting of 10 residential apartment units. There is an exclusive parking field available for tenants and guests. The sale of this property includes a 0.232 acre lot adjacent to the parking field (GPN 142825903000000).

Listing Agent

Craig Byers

Pivot Real Estate Listed on: 01/28/2025

Pivot Real Estate

Co-Listing Agent

Jason Rogers

Pivot Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,213

Year Built

  • Built in 2018

Home Design

  • 10,182 Sq Ft Home
  • Frame Construction
  • Vinyl Siding
  • Stone

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • Laundry in unit
  • 0.37 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 142825903100000

Community Details

Overview

  • 10 Units

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $64,225
  • Gross Income $142,472
  • Net Operating Income $78,247

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,213

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Zoning: TRF
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: In Unit
  • Lot Size Acres: 0.372
  • Reso Pets Allowed: Yes
  • Co List Office Mls Id: CPRE
  • Co List Office Phone: 319-294-3339
  • Co List Office Phone: 319-294-3339
  • MLS Status: Active
  • Directions: Corner of 6th Street SW and 5th Avenue SW in Cedar Rapids near the I-380 Interchange
  • Year Built: 2018
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: See Remarks

Exterior Features

  • Construction Type: Frame, Stone, Vinyl Siding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 18.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Taylor
  • High School: Jefferson
  • Middle Or Junior School: Wilson

Lot Info

  • Lot Dimensions: 16213
  • ResoLotSizeUnits: Acres
  • Parcel Number: 142825903100000
  • Zoning Description: TRF
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 142472.0
  • Net Operating Income: 78247.0
  • Number Of Units Total: 10
  • Annual Operating Expense: 64225.0
  • Tenant Pays: Electricity, Gas, Water

Tax Info

  • Tax Annual Amount: 19213.0

Map

Range of Values:

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Average Value
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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
01/29/2025 01/29/25 For Sale $1,375,000 -- $135 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

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Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2500685

Cedar Rapids Area Association of REALTORS®