Listed by Vine Valley Real Estate
Unpriced
2007 College Street
Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Units 4
Cap Rate 11.18%
NOI $35,675
Occupancy 100%
Multifamily | 11.18% CAP | 4 Units
Marketing description
2007 College Street is a fourplex multifamily asset located in a desirable Cedar Falls neighborhood near the University of Northern Iowa, dining, entertainment, and everyday amenities that support strong rental demand.
The property was recently remodeled following its conversion from a single-family residence and features four updated units with modern finishes, including updated countertops, stainless steel appliances, new cabinetry, fresh paint, and new flooring.
Major capital improvements—including new siding, a new roof, paved parking, and updated common areas —position the asset as a low-maintenance investment offering stable in-place income and longterm rental appeal in the Cedar Falls market.
Investment highlights
- Updated Cedar Falls fourplex with modern finishes, low-maintenance upgrades, and strong rental income potential in a highly desirable location.
- 4 Units | 100% Occupied
- Annual Gross Scheduled Income: $45,600
- Stabilized NOI: ~$35,675
- Cap Rate (Stabilized): ~11.18%
- Located near UNI, College Square Mall, and major employers
- Ideal for: 1031 exchange buyers, long-term hold investors, and portfolio stabilizers
- Strategy: Buy-and-hold with modest rent optimization and strong in-place cash flow
Listing Contacts
Listed by Vine Valley Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$35,675.00
$2,972.92/mo
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