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Village 25-85 Aossey Ln SW 56 Unit Apartment Building $3,650,000 ($65,179/Unit) 7.27% Cap Rate Cedar Rapids, IA 52404
EXECUTIVE SUMMARY
Stanbrough Realty Company is pleased to present the Cedar Village Apartments located at 25–85 Aossey Lane in Cedar Rapids, IA. Built between 1980 and 1992, this community consists of 7 buildings totaling 56 units, with a balanced mix of 40 two-bedroom/one-bath units and 16 one-bedroom/one-bath units. Cedar Village is located in a well-established residential neighborhood in Cedar Rapids, offering quiet, stable surroundings while still granting access to local schools, parks, and employment hubs. Recent developments bode well for future area growth—most notably, construction has begun on the new Cedar Crossing Casino & Entertainment Center in northwest Cedar Rapids, a $275 million project expected to include restaurants, event space, gaming, and more, with an anticipated opening on New Year’s Eve 2026, along with Google’s $576 million dollar, data center investment located on the SW side of Cedar Rapids .
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,650,000 | Building Class | C |
| Price Per Unit | $65,179 | Lot Size | 3.61 AC |
| Sale Type | Investment | Building Size | 52,414 SF |
| Cap Rate | 7.27% | Average Occupancy | 86% |
| No. Units | 56 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.91/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R - Multi-Family Residential | ||
| Price | $3,650,000 |
| Price Per Unit | $65,179 |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.61 AC |
| Building Size | 52,414 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | R - Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Laundry Service
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 730 |
| 2+1 | 40 | - | 900 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,728,400 | |
| Land Assessment | $385,900 | Total Assessment | $3,114,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$385,900
Improvements Assessment
$2,728,400
Total Assessment
$3,114,300
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Village | 25-85 Aossey Ln SW
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