Property details
About 6620-6670 Preston Terrace Ct SW
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%.
Highlights
Virtual tour
Summary
- List Price: $6,500,000
- Year Built: 2004
- Lot Size: 2.9 Acres
- MLS Number: 2500822
- MLS Name: CDR
- Office Name: Cushman & Wakefield Iowa Commercial Advisors
- Office Phone: (319) 229-1003
- Office Email: jseamans@iowaca.com
- Listing Agent: Joshua Seamans
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/9/2025, 9:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$6,500,000
6620-6670 Preston Terrace Ct SW
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
3
Prairie Heights Elementary
Public District PK-4
0.5 mi
•190 76th Ave SW
3
Prairie Hill Elementary
Public District PK-4
0.7 mi
•151 Prairie Hill Ct SW
2
Prairie Crest Elementary
Public District PK-4
0.7 mi
•301 76th Ave SW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,593. Residents of Cedar Rapids, IA typically earn less than $<35k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
College Football
Extreme Sports
Soccer
Where do the neighbors shop?
Best Buy
Express/Express For Men
Academy Sports & Outdoors
Where do the neighbors go to eat?
Texas Roadhouse
Sonic
Little Caesars
What do the neighbors drive?
Ram
Kia
Chevrolet
What do the neighbors listen to?
Contemporary Christian
New Country
Country
Frequently asked questions
About 6620-6670 Preston Terrace Ct SW
The listing price of 6620-6670 Preston Terrace Ct SW property is $6,500,000.
The property 6620-6670 Preston Terrace Ct SW is a multi located in Cedar Rapids, Iowa, 52404.
Active Listing: 6620-6670 Preston Terrace Ct SW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 6620-6670 Preston Terrace Ct SW are: Prairie Heights Elementary (GreatSchools Rating 3/10), Prairie Hill Elementary (GreatSchools Rating 3/10), Prairie Crest Elementary (GreatSchools Rating 2/10), Wilson Middle School (GreatSchools Rating 5/10), McKinley Middle School (GreatSchools Rating 2/10), Roosevelt Middle School (GreatSchools Rating 2/10), Prairie Point Middle School / 9th Grade Academy (GreatSchools Rating 6/10), Prairie Point High School (GreatSchools Rating 4/10), Metro High School (GreatSchools Rating 1/10).
The sq. ft. of 6620-6670 Preston Terrace Ct SW is not available (source: MLS/tax record).
The year of construction for 6620-6670 Preston Terrace Ct SW is 2004.
This home is located at 6620-6670 Preston Terrace Ct SW in Cedar Rapids, IA and zip code 52404 in the Lincolnway Village neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 3, 2025 and is currently priced at $6,500,000.
While more than 70 listings in Cedar Rapids, IA in May 2025 were sold above asking price, there were more than 57 listings sold at asking price, and more than 67 were sold below. The inventory of homes for sale in Cedar Rapids, IA between April and May 2025 decreased by 0.3%. In May 2025, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $199,973.