Cedar Rapids Iowa assignment at 68% of ARV

[Jake Knight]

• Contract for assignment, off-market
• 5 minutes to downtown
• Delivered vacant
• Access will be granted upon review of POF/preapproval letter and recent project history/schedule of REO

Comps:

2450 Wisconsin St SW

Sold for $112,000 in October 2018. Same street and floorplan. Can’t get any more “like” than this! 

2418 Wisconsin St SW

Oh wow another one on the same street! This is active listing, again with the same floorplan but listed at $117,500.

Rents:

Rentometer has it at $915 but I think $875 is the conservative number and depends on what level of finishes you include.