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Kings Manor II 125 20th Ave SW 12 Unit Apartment Building $920,832 CAD ($76,736 CAD/Unit) 6.54% Cap Rate Cedar Rapids, IA 52404
INVESTMENT HIGHLIGHTS
- Great Location
EXECUTIVE SUMMARY
Large 1 Bedroom Units
Longer Term Tenants
1 Block Away From Hyvee Grocery
Longer Term Tenants
1 Block Away From Hyvee Grocery
PROPERTY FACTS
| Price | $920,832 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $76,736 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 6.54% | Building Size | 2,779 SF |
| Sale Condition | 1031 Exchange | No. Stories | 3 |
| No. Units | 12 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.33/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | S-RMF | ||
| Price | $920,832 CAD |
| Price Per Unit | $76,736 CAD |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 2,779 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | S-RMF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 14331-76042-00000 | Improvements Assessment | $583,612 CAD |
| Land Assessment | $87,060 CAD | Total Assessment | $670,673 CAD |
PROPERTY TAXES
Parcel Number
14331-76042-00000
Land Assessment
$87,060 CAD
Improvements Assessment
$583,612 CAD
Total Assessment
$670,673 CAD
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Presented by
Heartland Investment Partners
Kings Manor II | 125 20th Ave SW
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