Address
3730 12th Ave SW, Cedar Rapids, IA
Price
$ 1,750,000
Property Attributes
  • MLS#2400900
  • TypeMulti-Family
  • CountyLINN
  • CityCedar Rapids
  • AreaSW Quadrant
  • Zip52404
  • StyleMulti Family
  • Year Built1975
  • Taxes$ 28210
  • Price$ 1,750,000
  • Bedrooms24
  • Full Bathrooms24
  • Half Bathrooms0
  • Sqr Footage11520
  • Lot Size1.43 Acres
Data Source:
Cedar Rapids Area Association of REALTORS®
Property Description

Sale includes 2 buildings plus 24 garages. 3730-3740 & 3750-3760 12th Ave SW, Cedar Rapids Iowa. Welcome to Station Apartments, an exceptional complex featuring 24 two-bedroom, one-and-a-half-bath units. Ideally situated on the southwest side of Cedar Rapids, this residence offers easy access to the vibrant Westwood Plaza Shopping Center, surrounded by a variety of amenities such as fast-casual dining, convenience stores, auto shops, and healthcare facilities. With a commendable 100% occupancy rate and numerous enhancements, including a newer roof, siding, soffit, and various interior improvements, Station Apartments stands out as a compelling investment opportunity. The combination of strategic location, full occupancy, and ongoing improvements makes this complex a promising prospect for those looking to make a sound investment in Cedar Rapids.

Elementary School Middle School High School
Hoover Elementary School Roosevelt Middle School Jefferson High School
Price History
2/10/2024 Listed $1,750,000

General Features

Sewer Public Sewer
Heating Forced Air,Gas
Cooling Central Air
Possession Negotiable
Zoning Res
Patio/Porch Features Deck,Patio
Construction Materials Frame,Vinyl Siding
Pets Allowed See Remarks
Year Built 1975
Tenant Pays Electricity,Gas
Property SubType Multi Family
Gross Income 231600
OwnerPays Electricity,Gas,Water
County Linn
Net Operating Income 133630
Operating Expense 88706
Property Type Residential
Garage Y/N Yes
Status Active
Directions Edgewood to 12th Ave Sw
High School Jefferson
City Cedar Rapids
Buyer Agent Compensation 3
Zoning Description Res
Total Units 24
MLS Area SW Quadrant
Street Name 12th Ave
Elementary School Hoover
Tax Annual Amount 28210
Middle/Junior High School Roosevelt
Virtual Tour https://www.propertypanorama.com/instaview/cdr/2400900
Days on Market 4
Standard Status Active
Property Sub Type Additional Multi Family
PostalCity Cedar Rapids
Legal Description EDGEWOOD GARDENS 6TH LOT 8 and 9

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Parking Features Parking Space(s)
Water Source Public
Lot Size Area 1.43
Foundation Details Slab
Lot Dimensions 62291
Lot Size Acres 1.43
Lot Size Units Acres
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 52404

Price
AVG $1.01M
$1.75M
Taxes
AVG $15,222
$28,210
Visits
AVG 12
8
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1975