The Eagle’s Nest Apartments are a 5 – building, 33 – Unit / 131 – bedroom
apartment community located next to Kirkwood Community College. The
property is currently rented by the bedroom, appealing to students, and
features two different floor plans: 4 bed / 4 bath & 4 bed / 2 bath. The
6620 Preston Ct. SW building was constructed in 2022 and the other 4
buildings were constructed in 2004. The 6630 building includes an onsite
office. All units have been updated and remodeled. Units feature all-inclusive
utilities (including electricity, gas, and water), washer & dryer in unit, 100
mbps internet, new appliances, dishwasher, stove, refrigerator, gas furnace
with central AC, lawncare & snow removal. This provides a high-end living
experience at an affordable and attractive price to students. Proforma NOI is $523,599, representing a proforma cap rate of 7.81%.
Residential For Sale
6620-6670 Preston Terrace, Cedar Rapids, Iowa 52404
Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.
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