Indian Ridge Apartments



Location: Cedar Rapids, Iowa

Description: Fantastic 164 all brick project set in the woods of Northeast Cedar Rapids. Close to all tenant conveniences and occupancy close to 100%. Same owner for over 15 years. Built 1978.

Asking Price: $5,500,000 (10.55% Cap) on actual rental income.

Selling Price: $5,015,000 (10.5% Cap on adjusted proforma)

Sold: June 1997

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