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2939-3009 12th Ave SW
Cedar Rapids, IA 52404
Creekside Apartments · Multifamily Property For Sale
·
75 Units
Investment Highlights
- Investment opportunity
- Less than 20 minutes from retail hub of Cedar Rapids
- 76 apartment units
- Less than 5 minutes from Cedar Rapids business district
- Convenient access to I-380 and Highway 30
- 13 attached garage units
Executive Summary
Great opportunity to acquire Creekside Apartments. This property, located just off Williams Blvd SW and 16th Ave SW in Cedar Rapids, Iowa, consists of 76 residential apartment units. Unit makeup consists of 17 studio apartments, 38 1Bd/1Ba, 16 1Bd/1Ba (2-lvl), 4 2Bd/1Ba, and 1 3Bd/2Ba. The sale also includes 13 attached garage units. The property sits on approximately 2 Acres of ground and contains 92 surface parking stalls.
Contact listing agent for more information and to schedule a showing. Confidentiality Agreement required to view Offering Memorandum with more in-depth information on the property including financial data.
Contact listing agent for more information and to schedule a showing. Confidentiality Agreement required to view Offering Memorandum with more in-depth information on the property including financial data.
Property Facts
| Price Per Unit | $39,987 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.30 AC |
| No. Units | 75 | Building Size | 75,000 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1975 |
| Zoning | Suburban Mixed Use - Multi-family | ||
| Price Per Unit | $39,987 |
| Sale Type | Investment |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.30 AC |
| Building Size | 75,000 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1975 |
| Zoning | Suburban Mixed Use - Multi-family |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | $525.00 | 255 - 295 |
| 1+1 | 24 | $615.00 | 465 - 682 |
| 2+1 | 26 | $695.00 | 600 |
Property Taxes
| Parcel Number | 14303-80017-01002 | Improvements Assessment | $25,300 |
| Land Assessment | $5,000 | Total Assessment | $30,300 |
Property Taxes
Parcel Number
14303-80017-01002
Land Assessment
$5,000
Improvements Assessment
$25,300
Total Assessment
$30,300
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