Cedarview Apartments | 2525 Lincoln Ave
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Cedarview Apartments 2525 Lincoln Ave
8 Unit Apartment Building $525,000 ($65,625/Unit) 7.84% Cap Rate Des Moines, IA 50310
Executive Summary
2525 Lincoln Ave, Des Moines, IA 50310
$525,000
7.84% Cap Rate
8 Units
All 2BR/1BA
Built in 1965
Electric baseboard heat
Sleeve A/C units
Landlord pays water, sewer, trash, and common area utilities. Tenant pays electricity within their unit
Common area laundry room on the second floor with one washer and one dryer
$525,000
7.84% Cap Rate
8 Units
All 2BR/1BA
Built in 1965
Electric baseboard heat
Sleeve A/C units
Landlord pays water, sewer, trash, and common area utilities. Tenant pays electricity within their unit
Common area laundry room on the second floor with one washer and one dryer
Property Facts
| Price | $525,000 | Building Class | C |
| Price Per Unit | $65,625 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 5,398 SF |
| Cap Rate | 7.84% | No. Stories | 2 |
| No. Units | 8 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 1.85/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $525,000 |
| Price Per Unit | $65,625 |
| Sale Type | Investment |
| Cap Rate | 7.84% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 5,398 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.85/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
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PROPERTY TAXES
| Parcel Number | 080-05900000000 | Improvements Assessment | $434,900 |
| Land Assessment | $57,100 | Total Assessment | $492,000 |
PROPERTY TAXES
Parcel Number
080-05900000000
Land Assessment
$57,100
Improvements Assessment
$434,900
Total Assessment
$492,000
zoning
| Zoning Code | R-3 |
| R-3 |
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Cedarview Apartments | 2525 Lincoln Ave
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