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138 Cedar Dr
Gilbert, IA 50105
138 Cedar Dr. Gilbert IA · Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
Exceptional Investment Opportunity – 134 Cedar DriveDiscover a premium 8-plex multi-family property located in the highly sought-after Upland Trail Subdivision. Spanning 7,915 sq ft, this well-maintained asset offers a desirable unit mix of one- and two-bedroom apartments, each thoughtfully designed with modern, high-end finishes. Features include quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and 9-foot ceilings throughout.
Each unit comes complete with in-unit washer/dryers, private garages with built-in storage, and either a concrete patio or wood deck, providing tenants with both comfort and convenience. Built with quality and durability in mind, the property showcases vinyl siding, stone veneer accents, vinyl windows, a lawn irrigation system, and fire sprinklers for added safety.
With strong tenant appeal and low-maintenance construction, 134 Cedar Drive represents a turnkey investment in a thriving rental market.
Each unit comes complete with in-unit washer/dryers, private garages with built-in storage, and either a concrete patio or wood deck, providing tenants with both comfort and convenience. Built with quality and durability in mind, the property showcases vinyl siding, stone veneer accents, vinyl windows, a lawn irrigation system, and fire sprinklers for added safety.
With strong tenant appeal and low-maintenance construction, 134 Cedar Drive represents a turnkey investment in a thriving rental market.
PROPERTY FACTS
| Price Per Unit | $272,654 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.02 AC |
| No. Units | 8 | Building Size | 7,915 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2022 |
| Zoning | MR R3 - Residential | ||
| Price Per Unit | $272,654 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.02 AC |
| Building Size | 7,915 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Zoning | MR R3 - Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Family Room
- Island Kitchen
- Patio
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,492 CAD | 694 - 763 |
| 2+2 | 4 | $1,915 CAD | 1,054 - 1,116 |
PROPERTY TAXES
| Parcel Number | 05-09-430-090 | Improvements Assessment | $1,738,432 CAD |
| Land Assessment | $317,978 CAD | Total Assessment | $2,056,410 CAD |
PROPERTY TAXES
Parcel Number
05-09-430-090
Land Assessment
$317,978 CAD
Improvements Assessment
$1,738,432 CAD
Total Assessment
$2,056,410 CAD
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