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400 1st St SE - Riverview Condos 1,100 SF Flex Condo Unit Offered at $99,500 in Cedar Rapids, IA 52401
INVESTMENT HIGHLIGHTS
- Central location in central business district.
EXECUTIVE SUMMARY
Condo building located in Cedar Rapids IA.
PROPERTY FACTS
| Total Building Size | 65,612 SF | Typical Floor Size | 8,903 SF |
| Property Type | Multifamily (Condo) | Year Built | 1895 |
| Property Subtype | Apartment | Lot Size | 0.52 AC |
| Building Class | C | Parking Ratio | 0.67/1,000 SF |
| Floors | 4 | Opportunity Zone |
Yes
|
| Zoning | C-4 - Commercial Zoning with Living Unit Ordinance | ||
| Total Building Size | 65,612 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 8,903 SF |
| Year Built | 1895 |
| Lot Size | 0.52 AC |
| Parking Ratio | 0.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-4 - Commercial Zoning with Living Unit Ordinance |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Views
- Carpet
- Dining Room
- Patio
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Security System
- Waterfront
- Gated
- Furnished Units Available
- Roof Terrace
- Multi Use Room
1 UNIT AVAILABLE
Unit 404
| Unit Size | 1,100 SF | Condo Use | Flex |
| Price | $99,500 | Sale Type | Investment |
| Price Per SF | $90.45 | Sale Conditions | 1031 Exchange |
| Unit Size | 1,100 SF |
| Price | $99,500 |
| Price Per SF | $90.45 |
| Condo Use | Flex |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
DESCRIPTION
Two bedroom townhouse unit.
SALE NOTES
Please find attached the informational flyer, floor plans and video information on the downtown Cedar Rapids rental condominiums for sale. Right now this project is a two bedroom townhouse unit. There is 1 unit for sale.
Unit is currently vacant after long term tenant move. Unit will remain vacant for ease of showing and possible upgrades desired by buyer.
After you have reviewed the information and want more specific financial information please advise. Cap rate based on current/ proforma rents. Thanks!
Darin
*Part owner licensed real estate broker selling for profit or loss
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 50 | - | 649 |
| 1+1 | 5 | - | 663 |
| 2+1.5 | 5 | - | 1,189 |
| 2+2 | 10 | - | 870 |
Presented by
Heartland Investment Partners
400 1st St SE - Riverview Condos
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