416 17th St. SE



Location: Cedar Rapids, Iowa

Description: This is an 8-plex consisting of one-bedroom units. The average rent per unit is $365 with tenants paying their own electricity and the owner paying the heat and water. This property is priced at five times gross income with the owner motivated to sell. This property does have fantastic cash flow and good cash on cash return. For more information from our list box email Darin_Garman@msn.com and in the subject line only put 416. A detailed report will be sent to you.

Asking Price: $174,222.00 (11% Cap) on actual rental income.

Contact:
Darin Ray Garman, CCIM
Iowa Realty Commercial
100 1st Ave. NE Suite 115
Cedar Rapids, Iowa 52401
Phone 319.363.2337 Fax 319.365.9833
E-mail: Darin_Garman@msn.com
Web: commercial-investments.com

All information is from sources that we deem reliable and is submitted subject to errors, omissions, prior sale, lease withdrawal without notice, or change in price and conditions. While we do not doubt its accuracy, no representation thereof is made.

For further information contact:
Darin Garman, CCIM Specialist Apartments
100 1st Ave. NE Suite 115
Cedar Rapids, Iowa 52401
Phone 319.363.2337 Fax 319.365.9833
E-mail: Darin_Garman@msn.com
Web: commercial-investments.com

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Copyright ŠJM Best, 1998