1600 3rd Ave SE | Cedar Rapids, IA 52403
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- LoopNet Team
1600 3rd Ave SE
Cedar Rapids, IA 52403
Build-to-Rent Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Located near the 1st Ave Retail corridor.
- 9.55% cap rate
- Hy-vee, Starbucks, Coe College nearby
- $34,000 per door
PROPERTY FACTS
| No. Units | 6 | Total Plot Size | 0.10 ac |
| Property Type | Build-to-Rent | Property Size | 4,515 sq ft |
| Property Subtype | Apartment | Average Occupancy | 83% |
| Apartment Style | Garden | No. Floors | 3 |
| Costar Property Class | C | Year Built | 1924 |
| Use Class | Class 3+ Units - Class 3+ Units. The recent residential rollover tax in 2023 reduced taxes to $2,745 per year. | ||
| No. Units | 6 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 0.10 ac |
| Property Size | 4,515 sq ft |
| Average Occupancy | 83% |
| No. Floors | 3 |
| Year Built | 1924 |
| Use Class | Class 3+ Units - Class 3+ Units. The recent residential rollover tax in 2023 reduced taxes to $2,745 per year. |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Washer/Dryer
- Heating
- Kitchen
- Wooden Floors
- Oven
- Basement
- Linen Cupboard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 5 | £562.50 | 625 |
| Studios | 1 | £512.50 | 525 |
PROPERTY TAXES
| Parcel Number | 14222-09007-00000 | Improvements Assessment | £129,208 |
| Land Assessment | £7,099 | Total Assessment | £136,308 |
PROPERTY TAXES
Parcel Number
14222-09007-00000
Land Assessment
£7,099
Improvements Assessment
£129,208
Total Assessment
£136,308
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