2500 Olive Street, Cedar Falls, IA 50613

$769,000

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List Price
$769,000
MLS#
20255981
Status
ACTIVE
Type
Multifamily
Subtype
Residential Income
Year Built
1967
Acres
0.20
County
Black Hawk
City
Cedar Falls

Property Description

Looking for a stable multi-unit property in one of Cedar Falls’ most reliable rental corridors. Look no further than this well-maintained 7-unit apartment building! Offering a strong blend of charm, functionality, and location. The property features a desirable unit mix that includes two-bedroom, one-bedroom, and studio apartments, appealing to a wide range of renters. A classic brick accent across the front adds curb appeal and character, while the setting provides convenient access to the University of Northern Iowa, nearby shopping, dining, and major employers with easy access to major roads for convenient commute. Several units have been updated with newer flooring and refreshed finishes, creating comfortable, modern living spaces while maintaining the building’s original character. The variety in unit layouts supports flexibility for tenants, from roommates to individual residents, and the property has demonstrated consistent occupancy, reflecting ongoing demand in this area. All measurements approximate.

Additional Information

Unexempt Taxes
$6,842
Lot Size
8,712
Foundation
Brick/Mortar
Roof
Asphalt
Elementary School
Lincoln Elementary CF
Middle School
Holmes Junior High
High School
Cedar Falls High

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Calculator source: Real Geeks

Listing courtesy of Vine Valley Real Estate.