- 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
$193,500
1500 Melissa Pl NW, Cedar Rapids, IA 52405
4beds
2,144sqft
MultiFamily
Built in 1977
-- sqft lot
$193,500 Zestimate®
$90/sqft
$1,239 Estimated rent
Owner options
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
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$193,500
2% more+$3,870
With Zillow Showcase(estimated)$197,370