210 19th St Ne, Cedar Rapids, IA 52402

Property Description

If you are looking for a low-maintenance investment property, and want a build quality of years past, this is it! Within the past 2 years, extensive renovations have been performed with the anticipation of a long-term hold. As current ownership focuses on new development, this is a perfect opportunity to enter an asset set up for a long term hold. 12 2BR, 12 1BR 2025 $1.5MM Renovation: full post-fire reconstruction, 4 apts stripped to studs and complete renovation, ew flooring throughout: new fixtures, windows, handrails, mostly new appliances, new entry and hallway doors, new high-tech laundry machines, exterior building repainted. Mechanical and Electrical: New boiler, fan coil units throughout, rebuild of chiller system, new electrical installed in all 24 apartment units, all circuit breakers updated, all new gear installed in the mechanical room. Listing broker has partial ownership in the property listed.