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
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
Parking Garage, Parking Area, Paved
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 $250K
AVG $3,433
AVG 38
Year Built
AVG 1925
AVG 61
Data Provided by Walkscore ® not using MLS data

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