361 30th Street Dr SE - Apartments FOR SALE


Cedar Rapids, IA 52403
$705,000 USD
319-540-9070
361 30th Street Dr SE, Cedar Rapids, IA for Sale
$705,000 USD
Apartments - FOR SALE
1/4
null | 6.97% Cap Rate

361 30th Street Dr SE
Cedar Rapids, IA 52403


HIGHLIGHTS

  • Significant Value-Add Opportunity
  • Individual Garages for Every Unit
  • Low Turnover Property

OVERVIEW

361-363 30th St Dr SE — Cedar Rapids, Iowa This is a classic small-multifamily value-add opportunity: two 6-unit buildings on one parcel with individual garages for every tenant, a feature rarely found in 1950s apartment inventory and highly desirable in this market. Current rents trail comparable units, allowing a new owner to grow NOI with simple interior updates and lease optimization. For more information contact: Isaiah Garman | 319-540-9070 | isaiah@hlandire.com Trot Carey | 319-743-5663 | trot@hlandire.com

FOR SALE DETAILS

PRICE

$705,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

12

PRICE/UNIT

$58,750

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

Multi-Family

APN/PARCEL ID

14113-80001-00000

ASK ABOUT THIS PROPERTY

Darin GarmanHeartland Investment PartnersMore Info
319-540-9070

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Darin GarmanHeartland Investment PartnersMore Info
319-540-9070

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