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806 15th Avenue SW
Cedar Rapids, IA 52404
Asking Price
$1.90M
Cap Rate
6.9%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
95% leased and recently upgraded! <p>•95% occupied!</p><p>•Recently updated interior & exterior!</p><p>•Below market rental rates!</p><p>•Google data center coming and extra housing demand as a result!</p>
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96
