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16 Aossey Lane SW Cedar Rapids, IA 52404 • Multi Unit - Multiple • Active

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Description

32-unit multifamily property consisting of four well-maintained 8-unit buildings with spacious 2-bedroom, 1-bath apartments. The property has strong occupancy, consistent rental income, and a new roof installed in 2022. Conveniently located near shopping, restaurants, schools, parks, major roadways, and approximately 10 minutes from The Eastern Iowa Airport. Available for purchase as the complete 32-unit portfolio or by individual 8-unit building. Financial information and the rent roll are available upon request. Showings are by appointment only. Please do not disturb tenants. Sale includes the following parcels: 14342-51005-00000, 14342-51008-00000, 14342-51009-00000, and 14342-51004-00000.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 36,000
County: Linn
High School: Jefferson
Listed By:
Pinnacle Realty LLC Pacifique Mengi 319-393-0900
Cedar Rapids MLS
$2,100,000
Est. $14,015/mo
36,000sqft
New to the Market Active
BEDS0 BATHS SQUARE FEET36,000 MLS#2604724
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLCedar Rapids
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Agent Name: Lynn Hergert
 Agent Phone: (309) 738-8198
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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16 Aossey Lane Sw, Cedar Rapids, IA 52404.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $2,100,000$2,100,000$2,100,000
Down Payment $73,500$0$420,000
Monthly Mortgage Amount $12,529$13,208$10,481
Taxes $2923$2923$2923
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,260$0$0
Monthly Estimated Total $17,323$16,742$14,015

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/02/2026. The listing information on this page last changed on 07/02/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 07/02/2026 11:39:39 AM EST) or MRED MLS (last updated Thu 07/02/2026 11:36:40 AM EST) or SCWMLS (last updated Thu 07/02/2026 11:31:16 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 07/02/2026 11:06:30 AM EST) or Cedar Rapids MLS (last updated Thu 07/02/2026 11:34:29 AM EST) or NEIRBR MLS (last updated Thu 07/02/2026 11:29:11 AM EST) or ICAAR MLS (last updated Thu 07/02/2026 11:37:46 AM EST) or ECIMLS (last updated Thu 07/02/2026 11:36:23 AM EST) or RMLSA (last updated Thu 07/02/2026 11:31:08 AM EST) or Muscatine MLS (last updated Thu 07/02/2026 11:30:18 AM EST) or No Coast MLS (last updated Thu 07/02/2026 11:34:34 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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