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1 Leased Downtown Unit! 1031 Exchange.

2 Properties Offered at $143,439 CAD in Cedar Rapids, IA

Investment Highlights

  • Downtown Cedar Rapids condo offered for over half of new construction cost! Terrific location!
  • Terrific 1031 Replacement(s)!

Executive Summary

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 curren/ proforma rents. Thanks!

Darin

*Part owner licensed real estate broker selling for profit or loss

Property Facts

Price $143,439 CAD
Price / SF $2.15 CAD / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 66,712 SF
Total Land Area 0.52 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Riverview Condos
400 1st St SE, 4th Floor - Unit 404, Cedar Rapids, IA 52401
Flex Condo 1,100 SF 1895 -
Riverview Condos
400 1st St SE, Cedar Rapids, IA 52401
Multifamily 65,612 SF 1895 -
Show More > < Show Less

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
  • Listing ID: 18512499

  • Date on Market: 2020-02-03

  • Last Updated:

  • Address: 1 Leased Downtown Unit! 1031 Exchange., Cedar Rapids, IA

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