2939 12th AVE SW, Cedar Rapids, IA 52404
$2,999,000
Est. payment /mo
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40,000 SqFt
Price Dropped by $126K

2939 12th AVE SW Cedar Rapids, IA 52404

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Tim Scherbring

Tim Scherbring

+1(319) 361-5111

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 40,000 sqft

Price per Sqft $74

MLS Listing ID 2601798

HOA Y/N No

Total Fin. Sqft 40000

Year Built 1975

Annual Tax Amount $46,400

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Investment

Property Description

Great opportunity to acquire Creekside Apartments. This property, located just off Williams Blvd SW and 16th Ave SW in Cedar Rapids, Iowa, consists of 76 residential apartment units. Unit makeup consists of 17 studio apartments, 38 1Bd/1Ba, 16 1Bd/1Ba (2-lvl), 4 2Bd/1Ba, and 1 3Bd/2Ba. The sale also includes 13 attached garage units. The property sits on approximately 2 Acres of ground and contains 92 surface parking stalls.

Location

State IA

County Linn

Area Sw Quadrant

Zoning SMU-COMM

Interior

Interior Features InteriorFeatures

Heating Electric, Gas

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Concrete

Fireplace No

Exterior

Parking Features Off Street

Utilities Available Electricity Available, Natural Gas Available

Water Access Desc Public

Building

Building Description Frame, Kitchen Facilities,Multi-Tenant,Private Restrooms,See Remarks

Story 4

Sewer Public Sewer

Water Public

Structure Type Frame

Others

Tax ID 14303-80017-01045

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Listed by Q4 Real Estate

NEARBY SCHOOL & BUSINESS

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Tim Scherbring

Tim Scherbring

Broker Associate | License ID: 61218000

+1(319) 361-5111

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2939 12th AVE SW