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401 7th Ave SW
Cedar Rapids, IA 52404
Two Duplex Properties on One Parcel · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Very good condition for age of property. Two duplexes side by side for more optimized management.
- Owner managed over 20+ years.
- Great price point under $40,000 per unit.
- Rents rarely raised in 20+ years of ownership so realistic room on rents with month to month leases in place.
Property Facts
| No. Units | 4 | Building Size | 3,500 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1895/2008 |
| Lot Size | 0.17 AC | ||
| Zoning | Residential - Residential Zoning. | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.17 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1895/2008 |
| Zoning | Residential - Residential Zoning. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $500.00 | 650 |
| 2+1 | 1 | $500.00 | 750 |
Property Taxes
| Parcel Number | 14283-32001-00000 | Improvements Assessment | $171,800 |
| Land Assessment | $31,500 | Total Assessment | $203,300 |
Property Taxes
Parcel Number
14283-32001-00000
Land Assessment
$31,500
Improvements Assessment
$171,800
Total Assessment
$203,300
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