500 1st St SW | Cedar Rapids, IA 52404
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- LoopNet Team
500 1st St SW
Cedar Rapids, IA 52404
500 on 1st · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- Best-In-Class Asset – Irreplaceable Building & Irreplaceable Location
- Adjacent to Cedar Rapids Premier Employment Concentrations
- Unique Pre-Set Tax Abatement Benefits
- Offered at a Significant Discount to Replacement Cost
- Strategic Location and Highway Connectivity
- Offered Free and Clear of Any Existing Debt
PROPERTY FACTS
| No. Units | 36 | Lot Size | 0.29 AC |
| Property Type | Multifamily | Building Size | 20,590 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 2017 |
| Zoning | R - Residential | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 20,590 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2017 |
| Zoning | R - Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
SITE AMENITIES
- Laundry Facilities
- Roof Terrace
- Storage Space
- Lounge
- Key Fob Entry
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 36 | $826.50 | 482 - 730 |
PROPERTY TAXES
| Parcel Number | 14281-35007-00000 | Improvements Assessment | $8,651,200 |
| Land Assessment | $848,000 | Total Assessment | $9,499,200 |
PROPERTY TAXES
Parcel Number
14281-35007-00000
Land Assessment
$848,000
Improvements Assessment
$8,651,200
Total Assessment
$9,499,200
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