Entity Owned Property summary
This exceptional multifamily investment opportunity encompasses four buildings totaling 51,053 square feet and 125 units in Cedar Rapids, Iowa. The portfolio, comprised of three apartment buildings and one independent living facility, offers a compelling value-add proposition. Built in 1987 (average), the property currently operates as a senior living community, providing studios and suites, along with twelve one-bedroom independent living units. The portfolio boasts a strong pro-forma NOI… of $448,980, translating to an 8.16% cap rate at an asking price of $5,500,000 ($44,000 per unit). Significant upside potential exists, particularly with one vacant building suitable for memory care, which could substantially increase revenue and cash flow. The property includes all real estate and the established business, currently employing 50 people. The portfolio's location in Linn County, with addresses at 2204 and 2200 Johnson Ave NW, 3410 12th Ave SW, and 307 Edgewood Rd SW, Cedar Rapids, IA 52405 and 52404, offers excellent access to amenities and services. Financial details are available upon execution of a confidentiality agreement. This stabilized, Class B property presents a rare opportunity for investors seeking strong returns and significant growth potential in a thriving market. The property is privately owned.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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