2939-3009 12th Ave SW - Apartments FOR SALE


Cedar Rapids, IA 52404
$3,300,000 USD
319-360-7017
2939-3009 12th Ave SW, Cedar Rapids, IA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

2939-3009 12th Ave SW
Cedar Rapids, IA 52404


HIGHLIGHTS

  • Investment opportunity
  • Less than 5 minutes from Cedar Rapids business district
  • Less than 20 minutes from retail hub of Cedar Rapids
  • Convenient access to I-380 and Highway 30
  • 76 apartment units
  • 13 attached garage units

OVERVIEW

Great opportunity to acquire Creekside Apartments. This property, located just off Williams Blvd SW and 16th Ave SW in Cedar Rapids, Iowa, consists of 76 residential apartment units. Unit makeup consists of 17 studio apartments, 38 1Bd/1Ba, 16 1Bd/1Ba (2-lvl), 4 2Bd/1Ba, and 1 3Bd/2Ba. The sale also includes 13 attached garage units. The property sits on approximately 2 Acres of ground and contains 92 surface parking stalls. Contact listing agent for more information and to schedule a showing. Confidentiality Agreement required to view Offering Memorandum with more in-depth information on the property including financial data.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$44 USD /SF

# OF UNITS

75

PRICE/UNIT

$44,000

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Creekside Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,001 SF

ZONING

Suburban Mixed Use

APN/PARCEL ID

14303-80017-01002

ASK ABOUT THIS PROPERTY

Craig ByersQ4 Real EstateMore Info
319-360-7017

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Craig ByersQ4 Real EstateMore Info
319-360-7017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.