$2,100,000
Cedar Village Apartments
Details
APN 143425100500000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 36,000
Net Rentable (SqFt) 36,000
Units 32
Cap Rate 8.27%
NOI $370,800
Occupancy 94%
Tenancy Multi
Year Built 1996
Year Renovated 2022,2025
Buildings 4
Stories 2
Lot Size (SqFt) 66,018
Zoning MUL
Parking Spaces 40 spaces
Parking per 1,000 SqFt 1.11
Sale Condition N/A
32-Unit Multifamily Portfolio | 36,000 SF | 4 Buildings | Strong Occupancy
Marketing description
Multifamily • 32 Units
Investment highlights
32-unit multifamily portfolio consisting of four 8-unit apartment buildings
Spacious 2-bedroom, 1-bath floor plans
Approximately 36,000 square feet
Strong occupancy with limited vacancy
Available for purchase as the complete portfolio or individual 8-unit buildings
Conveniently located near shopping, restaurants, schools, parks, major roadways, and approximately 10 minutes from The Eastern Iowa Airport
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$370,800.00
$30,900.00/mo
Valuation Metrics
0
DSCR
17.66%
Cap Rate
17.66%
ROI
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