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Kings Manor II 125 20th Ave SW 12 Unit Apartment Building $660,000 ($55,000/Unit) 6.54% Cap Rate Cedar Rapids, IA 52404
Investment Highlights
- Great Location
Executive Summary
Large 1 Bedroom Units
Longer Term Tenants
1 Block Away From Hyvee Grocery
Longer Term Tenants
1 Block Away From Hyvee Grocery
Property Facts Under Contract
| Price | $660,000 | Apartment Style | Low-Rise |
| Price Per Unit | $55,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 6.54% | Building Size | 2,779 SF |
| Sale Condition | 1031 Exchange | No. Stories | 3 |
| No. Units | 12 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.33/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | S-RMF - Residential Multi-Family | ||
| Price | $660,000 |
| Price Per Unit | $55,000 |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 2,779 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | S-RMF - Residential Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Property Taxes
| Parcel Number | 14331-76042-00000 | Improvements Assessment | $418,300 |
| Land Assessment | $62,400 | Total Assessment | $480,700 |
Property Taxes
Parcel Number
14331-76042-00000
Land Assessment
$62,400
Improvements Assessment
$418,300
Total Assessment
$480,700
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Heartland Investment Partners
Kings Manor II | 125 20th Ave SW
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