60 Miller Avenue SW, Cedar Rapids, IA 52404

The KataLYST Team as part of KW Commercial is pleased to present this multifamily property located at 60 & 64 Miller Avenue Southwest, Cedar Rapids, IA. This property was renovated in 2022 and almost every unit has been re-done. The current owners have spent several hundred thousand in updates and renovations since 2021. Rents still have more room for growth as the current owners were offering reduced rents during renovations to fill a large number of units at once. The 4 bedroom, 2 bath layout offers a unique opportunity both for college housing for Kirkwood Community College, and for families looking to get into the desirable College Community School District. This property was built in 2000 and updated since then. Each unit has it’s own furnace/AC and all utilities are separately metered. You will save a ton in long term maintenance and capital expenses with this property over some of the other options on the market.