9th Street Apartments | 1800 9th St
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9th Street Apartments 1800 9th St
7 Unit Apartment Building $400,000 ($57,143/Unit) 8.50% Cap Rate Des Moines, IA 50314
Executive Summary
1800 9th St, Des Moines, IA 50314
$400,000
8.50% Cap Rate
7 Units
All 1BR/1BA
Built in 1950
Boiler heat
Sleeve A/C units
Landlord pays gas (heat), water, sewer, trash and common area utilities. Tenant pays electricity within their unit.
Common area laundry with one washer and one dryer
$400,000
8.50% Cap Rate
7 Units
All 1BR/1BA
Built in 1950
Boiler heat
Sleeve A/C units
Landlord pays gas (heat), water, sewer, trash and common area utilities. Tenant pays electricity within their unit.
Common area laundry with one washer and one dryer
Property Facts
| Price | $400,000 | Apartment Style | Low Rise |
| Price Per Unit | $57,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 8.50% | Building Size | 2,370 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment |
| Price | $400,000 |
| Price Per Unit | $57,143 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 2,370 SF |
| No. Stories | 1 |
| Year Built | 1950 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
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PROPERTY TAXES
| Parcel Number | 080-05343000000 | Improvements Assessment | $231,800 |
| Land Assessment | $13,200 | Total Assessment | $245,000 |
PROPERTY TAXES
Parcel Number
080-05343000000
Land Assessment
$13,200
Improvements Assessment
$231,800
Total Assessment
$245,000
zoning
| Zoning Code | R-3 |
| R-3 |
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9th Street Apartments | 1800 9th St
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