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361 30th Street Dr SE
Cedar Rapids, IA 52403
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Significant Value-Add Opportunity
- Low Turnover Property
- Individual Garages for Every Unit
Executive Summary
361-363 30th St Dr SE — Cedar Rapids, Iowa
This is a classic small-multifamily value-add opportunity: two 6-unit buildings on one parcel with individual garages for every tenant, a feature rarely found in 1950s apartment inventory and highly desirable in this market.
Current rents trail comparable units, allowing a new owner to grow NOI with simple interior updates and lease optimization.
For more information contact:
Isaiah Garman | 319-540-9070 | isaiah@hlandire.com
Trot Carey | 319-743-5663 | trot@hlandire.com
This is a classic small-multifamily value-add opportunity: two 6-unit buildings on one parcel with individual garages for every tenant, a feature rarely found in 1950s apartment inventory and highly desirable in this market.
Current rents trail comparable units, allowing a new owner to grow NOI with simple interior updates and lease optimization.
For more information contact:
Isaiah Garman | 319-540-9070 | isaiah@hlandire.com
Trot Carey | 319-743-5663 | trot@hlandire.com
Property Facts
| Price Per Unit | $80,433 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.66 AC |
| Cap Rate | 6.97% | Building Size | 11,616 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1956 |
| Apartment Style | Low-Rise | Parking Ratio | 1.03/1,000 SF |
| Zoning | Multi-Family | ||
| Price Per Unit | $80,433 CAD |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 11,616 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1956 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 9 | - | - |
Property Taxes
| Parcel Number | 14113-80001-00000 | Improvements Assessment | $724,911 CAD |
| Land Assessment | $102,112 CAD | Total Assessment | $827,023 CAD |
Property Taxes
Parcel Number
14113-80001-00000
Land Assessment
$102,112 CAD
Improvements Assessment
$724,911 CAD
Total Assessment
$827,023 CAD
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