- 1500 and 1512 Melissa Pl NW, Cedar Rapids, IA 52405
- Unit Mix: 2 Units per Building/4 Units in Total – Each Unit is 2 BR/1 BTH with Garages
- Pricing: $320,000 in Total ($160,000 per Building)
- Both buildings are to be sold as a package deal together
-100% Occupied
- Well-kept Buildings with numerous updates to Interior and Exterior of Units
- 7%+ Cap Rate – Refer to included Analysis
- Potential Value Add Opportunity
- Both buildings passed City of Cedar Rapids
- Rental Inspections within past 12 Months
Off market
$200,100
1500 Melissa Pl NW, Cedar Rapids, IA 52405
4beds
2,144sqft
MultiFamily
Built in 1977
-- sqft lot
$200,100 Zestimate®
$93/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas
Features
- Flooring: Carpet, Linoleum / Vinyl
- Basement: Finished
Interior area
- Total interior livable area: 2,144 sqft
Property
Features
- Exterior features: Other
Details
- Parcel number: 142035102800000
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Foundation: Concrete
Condition
- Year built: 1977
Community & neighborhood
Location
- Region: Cedar Rapids
Services availability

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$200,100
2% more+ $4,002
With Showcase(estimated)
$204,102