1333 22nd St | Des Moines, IA 50311
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- LoopNet Team
1333 22nd St
Des Moines, IA 50311
5plex, over 9.5% cap rate, fully renovated+ · Multifamily Property For Sale
·
15 Units
INVESTMENT HIGHLIGHTS
- FULLY REMODELED BUILDING interior AND exterior in 2022
- 100% occupied
- Perfect location, centrally located
- OVER 9% cap rate! (with laundry area that coin laundry can be added, to generate even more cash flow)
- Brand new rental certificate
- Turn key and instant cash flow, peace of mind.
PROPERTY FACTS
| No. Units | 15 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 2,574 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1902/2022 |
| Zoning | R-3 | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 2,574 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1902/2022 |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Range
- Yard
- Basement
- Dining Room
SITE AMENITIES
- Laundry Facilities
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | $5,188 | - |
| 2+1 | 4 | $6,500 | - |
PROPERTY TAXES
| Parcel Number | 080-06764000000 | Improvements Assessment | $151,300 |
| Land Assessment | $22,700 | Total Assessment | $174,000 |
PROPERTY TAXES
Parcel Number
080-06764000000
Land Assessment
$22,700
Improvements Assessment
$151,300
Total Assessment
$174,000
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