1616 Vine St | West Des Moines, IA 50265
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- LoopNet Team
1616 Vine St
West Des Moines, IA 50265
Multifamily Property For Sale · 8 Units
Investment Highlights
- Strong In-Place Cash Flow
- Rent Comps Show 10% Upside in Current Condition
- One Large 3-Bedroom, 2 bath with a 2-Car Attached Garage
- Value-Add Opportunity
- Seven 800 Sq. Ft. 2-Bedroom Units
- Brick Exterior, Newly Painted Siding & New Roof as of 2022
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.55 AC |
| Property Type | Multifamily | Building Size | 7,560 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | No. Stories | 2 |
| Building Class | B | Year Built | 1978 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.55 AC |
| Building Size | 7,560 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Oven
- Stainless Steel Appliances
- Carpet
- Deck
- Dining Room
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $800.00 | 800 |
| 3+2 | 1 | $1,125 | 1,100 |
PROPERTY TAXES
| Parcel Number | 320-01396000000 | Improvements Assessment | $684,800 |
| Land Assessment | $87,200 | Total Assessment | $772,000 |
PROPERTY TAXES
Parcel Number
320-01396000000
Land Assessment
$87,200
Improvements Assessment
$684,800
Total Assessment
$772,000
zoning
| Zoning Code | SF-VJ |
| SF-VJ |
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