$1,700,000
SOLD AUG 30, 2024

3730 12th Ave SW Cedar Rapids, IA 52404

-- Bed
-- Bath
11,520 Sq Ft
1.43 Acres

Recently Sold

$148 Per Sq Ft

3% Below List Price

168 Days on Market

Highlights

  • Deck
  • Forced Air Cooling System
  • Garage

About This Home

As of August 2024

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.

Last Agent to Sell the Property

Maggie Druger

SKOGMAN REALTY

SKOGMAN REALTY

Last Buyer's Agent

Travis Gaule

SKOGMAN REALTY

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,210

Year Built

  • 1975

Parking

  • Garage

Home Design

  • 11,520 Sq Ft Home
  • Slab Foundation
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas

Additional Features

  • Deck
  • 1.43 Acre Lot

Community Details

  • Gross Income $231,600
  • Net Operating Income $133,630

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,210

Year Built

1975

Lot Details

0

Listing Details

  • Acres: 1.4300
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 28210
  • Last City Inspection: 2023
  • List User Cell Phone: 319-213-1544
  • Miscellaneous: Common Laundry-Leased, Deck/Patio, Garage, Parking Spaces
  • Noof Units Two Bedroom: 24
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.97143
  • Ratio Close Price By Original Li: 0.97143
  • Ratio Current Price By Sq Ft: 147.57
  • Total Sq Ft: 11520
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water, Public Street Maint.
  • Zoning: Res
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Methods: Frame
  • Exterior: Vinyl

Utilities

  • Heating Cooling: Central Air, Forced Air, Gas Heat

Schools

  • Elementary School: Hoover
  • Middle School: Roosevelt
  • High School: Jefferson

Lot Info

  • Lot Size: 62291

Rental Info

  • Owner Pays: Water, Electricity, Gas
  • Total Expenses: 88706

Multi Family

  • Gross Income: 231600
  • Net Operating Income: 133630.00

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2024 08/30/24 Sold $1,700,000 -2.9% $148 / Sq Ft
07/27/2024 07/27/24 Pending -- -- --
02/10/2024 02/10/24 For Sale $1,750,000 -- $152 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2400900

Cedar Rapids Area Association of REALTORS®

Iowa Linn County Cedar Rapids 52404

3730 12th Ave SW, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 3730 12th Ave SW, Cedar Rapids, IA 52404 and is currently priced at $1,700,000, approximately $147 per square foot. This property was built in 1975. 3730 12th Ave SW is a home located in Linn County with nearby schools including Hoover Elementary School, Roosevelt Creative Corridor Business Academy, and Thomas Jefferson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cedar Rapids Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.