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765-791 Russell Rd
Waterloo, IA 50701
Meadow Ridge Apartments · Multifamily Property For Sale
·
48 Units
Investment Highlights
- Less than 10 minutes from 1.8M+ SF of retail including Target, Home Depot, Hy-Vee, Menards, T.J. Maxx, Dick’s Sporting Goods, Chick-fil-A, and Walmart
- Minutes from major employers such as MercyOne Waterloo Medical Center, Unity Point Health Allen Hospital and John Deere
- Less than 15 minutes from the University of Northern Iowa (12,692 enrollment)
- Within 1.5 mi. of seven schools including two high schools
- Ten minutes from the Cedar Valley metro’s primary industrial corridor, which totals 8M SF+ of development and is home to Target Regional Distribution
- Close proximity to Hwy 20 & Hwy 63
Property Facts
| No. Units | 48 | Building Size | 35,660 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1.46/1,000 SF |
| Lot Size | 2.71 AC | ||
| Zoning | R | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.71 AC |
| Building Size | 35,660 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | R |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Yard
- Window Coverings
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 650 |
| 2+1 | 20 | - | 875 |
| 3+2 | 8 | - | 1,000 |
Property Taxes
| Parcel Number | 8813-04-152-103 | Improvements Assessment | $49,270 |
| Land Assessment | $7,030 | Total Assessment | $56,300 |
Property Taxes
Parcel Number
8813-04-152-103
Land Assessment
$7,030
Improvements Assessment
$49,270
Total Assessment
$56,300
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