916-216-4606
500 1st St SW, Cedar Rapids, IA for Sale
Apartments - FOR SALE
1/12
null | Request Cap Rate

500 1st St SW
Cedar Rapids, IA 52404
Downtown Cedar Rapids


HIGHLIGHTS

  • Best-In-Class Asset – Irreplaceable Building & Irreplaceable Location
  • Offered at a Significant Discount to Replacement Cost
  • Adjacent to Cedar Rapids Premier Employment Concentrations
  • Strategic Location and Highway Connectivity
  • Unique Pre-Set Tax Abatement Benefits
  • Offered Free and Clear of Any Existing Debt

OVERVIEW

As exclusive advisor, MMG Real Estate Advisors is pleased to offer the opportunity to purchase 500 on 1st, a 36-unit core quality asset located in the major employment center of downtown Cedar Rapids, IA. Completed in 2017, 500 on 1st is a newer construction, best-in class asset with a full completement of luxury efficiency floor plans catered to young professionals.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

36

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

500 on 1st

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

14281-35007-00000

ASK ABOUT THIS PROPERTY

Josh BenardMMGMore Info
916-216-4606

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

Josh BenardMMGMore Info
916-216-4606

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