3635 12th Ave SW
Cedar Rapids, IA 52404
Cedar Terrace Apartments · Multifamily Property For Sale
·
96 Units
PROPERTY FACTS
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.02 AC |
| Building Size | 69,315 SF |
| No. Stories | 3 |
| Year Built | 1968 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
ABOUT 3635 12TH AVE SW , CEDAR RAPIDS, IA 52404
This 96-unit complex is comprised of six apartment buildings with separate legal descriptions and 62 garages. The complex is situated on 5.03 acres, or 219,466/SF of site area in Southwest Cedar Rapids. Forty-eight of the units have either a walk-out patio or a deck off the living room area and a patio deck off the kitchen/dining room area. The two-bedroom units have an additional half bath. Each apartment unit is equipped with an individually metered forced air furnace and a central air conditioner.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 400 - 500 |
| 1+1 | 45 | - | 625 |
| 2+1 | 48 | - | 830 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,211,100 | |
| Land Assessment | $484,100 | Total Assessment | $4,695,200 |
