225 Clymer Road Hiawatha, IA 52233
9 Beds
3 Baths
5,250 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,250 sqft
Price per Sqft $161
MLS Listing ID 734600
Style Two Story
Bedrooms 9
Full Baths 2
Half Baths 1
Construction Status New Construction
HOA Y/N No
Year Built 2026
Annual Tax Amount $464
Tax Year 2026
Lot Size 9,539 Sqft
Acres 0.219
Property Description
Based on a purchase price of $850,000 and NOI of $65,600, the property is positioned at an approximately 7.72% cap rate, offering a compelling yield in a high-demand market. For investors focused on income, this is a clean, modern asset with built-in efficiency and strong long-term hold potential.
The property consists of three two-story units, each offering approximately 1,750 finished square feet with 3 bedrooms and 2.5 bathrooms. Units feature open-concept main levels, spacious living areas, modern kitchens, and dining spaces, along with white cabinetry, quartz countertops, stainless steel appliances, and durable LVP flooring. Each unit also includes a main-level half bath and sliding patio doors that add livability and tenant appeal.
Location
State IA
County Linn
Area Cedar Rapids
Zoning Res3+
Interior
Heating Forced Air, Gas, Natural Gas
Cooling Central Air
Flooring Carpet, Hardwood
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Stove
Laundry Upper Level
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Asphalt,Shingle
Private Pool No
Building
Lot Description Rectangular Lot
Entry Level Two
Foundation Poured, Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction Yes
Construction Status New Construction
Schools
School District Outside School District
Others
Tax ID 113322900200000
Monthly Total Fees $38
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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