Multifamily property in Des Moines, IA

2465 SW 7th Street, Des Moines, IA

$169,000

Price

6.56%

Cap Rate

$11,088

NOI

Gallery
Street
Map
Overview
Cap Rate
6.56%
NOI
$11,088
Building Size
2,016 sqft
Units
2
Occupancy
50%
Year Built
1912
Floors
2
Parking Spots
2
Heating
Forced Air Gas
Description

Nice two unit multi-family opportunity. Completely remodeled main floor with new flooring, paint, cabinets, appliances, tiled bathroom, trim, windows, shingles, exterior paint, doors, interior doors etc. Quiet dead end street, close to elementary, highschool, downtown, and bus line. Electric separated, owner paying heat and water.


Quiet dead end street, close to elementary, highschool, downtown, and bus line. Des Moines is a very stable real estate market compared to many other areas. With extremely low unemployment, growing jobs and population Des Moines offers a lot of long-term potential for investors. Iowa is one of the best states for landlord protections and is a friendly state to do business. Des Moines has been increasing in population and jobs as well because of the low cost of living, but the high standard of living.


ROI: 10.6%
Caprate: 6.5%

Location
Gallery