20 Units at $62,500/unit! Exceptional 8 CAP opportunity!
This well maintained 20-unit apartment building offers a mix of comfortable 1 and 2 bedroom units with dedicated 1 car garages.
Each unit has natural gas furnace and central air conditioning, the property has good outside area lighting ensuring year-round comfort for residents. Additionally, the property is equipped with fully-paid for solar panels, providing sustainable energy and reducing utility expenses.
Recent upgrades include new siding, roofs, windows, and driveway. This contributes to the property's overall appeal, durability and dafety minimizing maintenance requirements and enhancing curb appeal.
Showings are available for pre-approved buyers with 24-hour notice.
Don't miss this opportunity to invest in a well-maintained, fully-occupied, multi-family property with potential rental increases. Schedule your showing today! Listing agent is partial owner.
Sold for $1,185,000 on 05/13/24
$1,185,000
3751 12th Ave SW, Cedar Rapids, IA 52404
--beds
--baths
15,996sqft
Multi Family
Built in 1975
-- sqft lot
$1,243,000 Zestimate®
$74/sqft
$841 Estimated rent
Home value
$1,243,000
$1.13M - $1.35M
$841/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 14, 2024 at 06:45am
Listed by:
Becky Stonawski 319-480-3740,
SKOGMAN REALTY
Bought with:
Selling Agent Is Not A Member Of The Craar
Cedar Rapids Area Association of REALTORS
Source: CRAAR, CDRMLS,MLS#: 2401235
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Hot Water
Cooling
- Central Air
Appliances
- Laundry: Common Area
Interior area
- Total interior livable area: 15,996 sqft
Property
Parking
- Parking features: Parking Space(s)
- Has garage: Yes
Lot
- Size: 0.93 Acres
- Dimensions: 40,380
Details
- Parcel number: 132545400200000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
- Foundation: Slab
Condition
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Green energy
- Energy efficient items: Solar Panel(s)
Community & neighborhood
Location
- Region: Cedar Rapids
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2025 | Listing removed | $775 |
Source: Zillow Rentals | ||
| 6/27/2025 | Listed for rent | $775+27% |
Source: Zillow Rentals | ||
| 5/13/2024 | Sold | $1,185,000-5.2%$74/sqft |
Source:  CRAAR, CDRMLS #2401235 | ||
| 4/2/2024 | Pending sale | $1,250,000$78/sqft |
Source: CRAAR, CDRMLS #2401235 | ||
| 2/26/2024 | Listed for sale | $1,250,000-3.5%$78/sqft |
Source: CRAAR, CDRMLS #2401235 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $17,878 -9.5% | $1,010,200 |
| 2023 | $19,756 -7.9% | $1,010,200 +7.8% |
| 2022 | $21,452 +23.5% | $936,700 +6.5% |
Find assessor info on the county website
Neighborhood: Cedar Hills
Nearby schools
GreatSchools rating
- 4/10Hoover Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Roosevelt Middle SchoolGrades: 6-8Distance: 1.8 mi
- 1/10Thomas Jefferson High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Hoover
- Middle: Roosevelt
- High: Jefferson
Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
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$1,243,000
2% more+ $24,860
With Zillow Showcase(estimated)
$1,267,860