245 2nd St SW | Cedar Rapids, IA 52404
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- LoopNet Team
245 2nd St SW
Cedar Rapids, IA 52404
245 Kingston · Multifamily Property For Sale
·
50 Units
INVESTMENT HIGHLIGHTS
- LIVE-WORK-PLAY LIFESTYLE AT RESIDENTS’ DOORSTEP
- PRIME LOCATION WITH ACCESS TO MAJOR EMPLOYERS
- 100% PROPERTY TAX ABATEMENT THROUGH 2031
- MINUTES FROM BILLIONS IN ECONOMIC DEVELOPMENT
- MODERN CONSTRUCTION WITH UPSCALE FINISHES
PROPERTY FACTS
| No. Units | 50 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 56,255 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | A | Year Built | 2020 |
| Zoning | AE Flood Zone | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.32 AC |
| Building Size | 56,255 SF |
| Average Occupancy | 94% |
| No. Stories | 5 |
| Year Built | 2020 |
| Zoning | AE Flood Zone |
AMENITIES
UNIT AMENITIES
- Balcony
- Microwave
- Washer/Dryer
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Patio
SITE AMENITIES
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Video Patrol
- Grill
- Wi-Fi
- Lounge
- Maintenance on site
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 45 | - | 571 - 738 |
| 1+1 | 1 | - | 876 |
| 2+1 | 4 | - | 978 |
PROPERTY TAXES
| Parcel Number | 14282-34003-00000 | Improvements Assessment | $7,252,600 |
| Land Assessment | $55,900 | Total Assessment | $7,308,500 |
PROPERTY TAXES
Parcel Number
14282-34003-00000
Land Assessment
$55,900
Improvements Assessment
$7,252,600
Total Assessment
$7,308,500
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