4001 E University Ave | Des Moines, IA 50317
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- LoopNet Team
4001 E University Ave
Des Moines, IA 50317
Multifamily Property For Sale · 8 Units
INVESTMENT HIGHLIGHTS
- - Well-maintained and professionally managed.
- - Attractive potential for income generation
- - Prime location in the Des Moines area
- - Ample parking for tenant convenience.
- - Diverse tenant base and strong rental demand
- - 8 2/1 Units - Current Caprate: 7.56% - Potential Caprate: 9.02%
PROPERTY FACTS
| No. Units | 8 | Building Size | 5,686 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1971/2024 |
| Building Class | C | Parking Ratio | 2.64/1,000 SF |
| Lot Size | 0.47 AC |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 5,686 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2024 |
| Parking Ratio | 2.64/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $825.00 | 725 |
PROPERTY TAXES
| Parcel Number | 050-03242001000 | Improvements Assessment | $620,300 |
| Land Assessment | $41,700 | Total Assessment | $662,000 |
PROPERTY TAXES
Parcel Number
050-03242001000
Land Assessment
$41,700
Improvements Assessment
$620,300
Total Assessment
$662,000
ZONING
| Zoning Code | NX1 (NX1) |
| NX1 (NX1) |
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