- 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
$173,100
1512 Melissa Pl NW, Cedar Rapids, IA 52405
4beds
700sqft
MultiFamily
Built in 1977
-- sqft lot
$173,100 Zestimate®
$247/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Garbage disposal, Microwave, Range / Oven, Refrigerator
Features
- Flooring: Carpet, Laminate, Linoleum / Vinyl
- Basement: Finished
Interior area
- Total interior livable area: 700 sqft
Property
Parking
- Parking features: Garage - Attached, Off-street, On-street
Features
- Exterior features: Vinyl
- Has view: Yes
- View description: City
Details
- Parcel number: 142035102900000
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Foundation: Concrete
- Roof: Asphalt
Condition
- Year built: 1977
Community & neighborhood
Location
- Region: Cedar Rapids
Other
Other facts
- Balcony
- Cooling System: Air Conditioning
- No Utilities included in rent
- Parking Type: Garage
- Water not included in rent
Services availability

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$173,100
2% more+ $3,462
With Showcase(estimated)
$176,562