6 Unit Townhomes
Located at 126 20th Ave SW in Cedar Rapids, this 6-unit townhome-style investment property offers strong rental history and upside potential. Each unit is separately metered and features private balconies, garage parking, and in-unit laundry hookups. Positioned directly across from a recently sold 12-plex with smaller 1-bedroom units renting at similar rates, this property presents an excellent value-add opportunity with room for future rent growth. Starting at $380,000.
Proforma NOI: $34,382
Proforma Cap Rate: 8.4%