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134 Cedar Dr 8 Unit Apartment Building $1,575,000 ($196,875/Unit) Gilbert, IA 50105
Executive Summary
Exceptional Investment Opportunity – 134 Cedar DriveDiscover a premium 8-plex multi-family property located in the highly sought-after Upland Trail Subdivision. Spanning 7,915 sq ft, this well-maintained asset offers a desirable unit mix of one- and two-bedroom apartments, each thoughtfully designed with modern, high-end finishes. Features include quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and 9-foot ceilings throughout.
Each unit comes complete with in-unit washer/dryers, private garages with built-in storage, and either a concrete patio or wood deck, providing tenants with both comfort and convenience. Built with quality and durability in mind, the property showcases vinyl siding, stone veneer accents, vinyl windows, a lawn irrigation system, and fire sprinklers for added safety.
With strong tenant appeal and low-maintenance construction, 134 Cedar Drive represents a turnkey investment in a thriving rental market.
Each unit comes complete with in-unit washer/dryers, private garages with built-in storage, and either a concrete patio or wood deck, providing tenants with both comfort and convenience. Built with quality and durability in mind, the property showcases vinyl siding, stone veneer accents, vinyl windows, a lawn irrigation system, and fire sprinklers for added safety.
With strong tenant appeal and low-maintenance construction, 134 Cedar Drive represents a turnkey investment in a thriving rental market.
Property Facts
| Price | $1,575,000 | Building Class | C |
| Price Per Unit | $196,875 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 7,915 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Low-Rise | ||
| Zoning | MR R3 | ||
| Price | $1,575,000 |
| Price Per Unit | $196,875 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 7,915 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Zoning | MR R3 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Family Room
- Island Kitchen
- Patio
- Vinyl Flooring
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $997.50 | 694 - 763 |
| 2+2 | 4 | $1,228 | 1,054 - 1,116 |
Property Taxes
| Parcel Number | 05-09-430-100 | Improvements Assessment | $1,193,770 |
| Land Assessment | $143,200 | Total Assessment | $1,336,970 |
Property Taxes
Parcel Number
05-09-430-100
Land Assessment
$143,200
Improvements Assessment
$1,193,770
Total Assessment
$1,336,970
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134 Cedar Dr
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