2723 Terrace Drive Cedar Falls, IA
$ 625,000
Property Attributes
  • MLS#20196299
  • TypeMulti-Family
  • CountyBLACK HAWK
  • CityCedar Falls
  • AreaBlack Hawk
  • Zip50613
  • Style
  • Year Built1978
  • Taxes7194
  • Price$ 625,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6890
Listing Provided Courtesy Of:
Brian Wingert with Structure Real Estate
Property Description

Great Multi-family Opportunity with adjacent building lot. This 8plex has (8) 1 bedroom units with on site laundry facility. All units in great shape. Some have been recently renovated. New roof in October of 17. Off-street parking with 4 garage stalls. Adjacent building lot is incdluded and zoned R-4 for multi-unit building. Current NOI $49,200.

Elementary School Middle School High School
Cedar Heights Elementary Peet Junior High Cedar Falls High
Price History
11/27/2019 Listed $625,000

General Features

Electric Separate By Unit Yes
Elementary School Cedar Heights Elementary
Heat Separate By Unit N/A
Legal Description UNIVERSITY CENTRE LOT 3 & EXC W 50 FT & EASE & W 100 FT OF E 200 FT OF N 10 FT LOT 5 Additional parcel included. 8913-20-151-004
Listing Area Black Hawk
Manufactured Y/n No
Parking Garage, Parking Area, Paved
Status Active
Type Five or More Units
Utilities Available Cable Paid by Individual, Elec Individual Meters, Separate Meters
Water Type City
Year Built 1978
Zoning R-4

Interior Features

# of Units 8
Basement Crawl Space
Cooling Wall Unit
Fuel Type Electric
Laundry 1st Floor
Sq Ft 2nd Level 3445
Sq Ft Main 3445

Exterior Features

Exterior Brick
Flood C/X - Not in Flood Plain
Garage Stalls 4
Garage Type Detached
Lot Dimensions 100x140
Lot Sq Ft 14000
Offstreet Parking Spaces 12
Roof Type Asphalt
Sewer Type City
Siding Brick
Water Separate By Unit No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 50613

AVG $300K
AVG $3,850
AVG 56
Year Built
AVG 1921
AVG 62
Data Provided by Walkscore ® not using MLS data

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