NOT LISTED FOR SALE

75 Miller Ave SW Cedar Rapids, IA 52404

Lincolnway Village Neighborhood
-- Bed
-- Bath
-- Sq Ft
2002 Built

Last Sold January 05, 2018

Last sale price $4,500,000

72 Days on Market

Highlights

  • Brick or Stone Mason
  • Living Room
  • Forced Air Heating and Cooling System
  • Prairie Ridge Elementary School Rated A-
  • Property is near schools
  • Dining Room

About This Home

As of January 2018

Great rental property near Kirkwood Community College. Four separate buildings totaling 60 units. 4 three-bedroom/two-bathroom units; 56 four-bedroom/two-bathrooms. Of that total there is a model unit, office unit, managers unit, and work-out unit. There is currently a total of 221 rentable rooms. Well maintained and professionally managed by Heritage Prop Management-Tom Slattery 319-365-3610. Call listing agent for more details. Income and expenses (including taxes) are estimates taken from Pro Forma.

Last Agent to Sell the Property

Michael Van Dyke

Watts Group Realty Listed on: 07/05/2017

Co-Listed By

GARY WATTS

Watts Group Realty

Last Buyer's Agent

GARY WATTS

Watts Group Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2002

Home Design

  • Brick or Stone Mason

Interior Spaces

  • Living Room
  • Dining Room

Location

  • Property is near schools

Schools

  • College Comm Elementary And Middle School
  • College Comm High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Internet Available

Community Details

Overview

  • 60 Units
  • Kirkwood Towers Subdivision

Building Details

  • Electric Expense $12,000
  • Fuel Expense $1,000
  • Insurance Expense $26,000
  • Maintenance Expense $24,000
  • Water Sewer Expense $3,500
  • Gross Income $712,709

Property Details

Home Type

Multi-Family

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Great rental property near Kirkwood Community College. Four separate buildings totaling 60 units. 4 three-bedroom/two-bathroom units; 56 four-bedroom/two-bathrooms. Of that total there is a model unit, office unit, managers unit, and work-out unit. There is currently a total of 221 rentable rooms. Well maintained and professionally managed by Heritage Prop Management-Tom Slattery 319-365-3610. Call listing agent for more details. Income and expenses (including taxes) are estimates taken from Pro Forma.
  • Year Built: 2002
  • Tax Year Report: 2015
  • Subdivision: Kirkwood Towers
  • Rental Permit: Yes
  • Water Annually: 3500
  • Directions: South from HWY 30 on Kirkwood Blvd, West on Miller Ave SW
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Close to School
  • Possession R: Other
  • Possible Finance R: 1031 Exchange, Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction: Brick

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 12000
  • Gas Annually: 1000
  • Heating Cooling: Electric, Gas, Central, Forced Air

Schools

  • Elementary School: College Comm
  • Middle School: College Comm
  • High School: College Comm
  • High School: College Comm
  • Jr Middle School: College Comm
  • Elementary School: College Comm

Lot Info

  • Lot Dimensions: 5.0 Acres
  • Zoning: RMF-2

Tax Info

  • Gross Tax County City: 117544
  • Assessor Parcel Number: Multiple

Multi Family

  • Units Total: 60

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
01/05/2018 01/05/18 Sold $4,500,000 -13.5% --
09/15/2017 09/15/17 Pending -- -- --
07/05/2017 07/05/17 For Sale $5,200,000 -- --
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Van Dyke

    Seller's Agent in 2018

    Michael Van Dyke

    Watts Group Realty

    (319) 631-2659

    520 Total Sales

    Michael Van Dyke
    Section Image

  • G

    Seller Co-Listing Agent in 2018

    GARY WATTS

    Watts Group Realty

    (800) 746-9464

    7 Total Sales

    GARY WATTS
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20173942

Iowa City Area Association of REALTORS®

Iowa Linn County Cedar Rapids 52404 Lincolnway Village

75 Miller Ave SW, Cedar Rapids, IA

This home is located at 75 Miller Ave SW, Cedar Rapids, IA 52404 since 05 July 2017. This property was built in 2002. 75 Miller Ave SW is a home located in Linn County with nearby schools including Prairie Heights Elementary School, Prairie Crest Elementary School, and Prairie View Elementary 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.

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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