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
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

ZONING

Zoning Code

NX1 (NX1)

Map of 4001 E University Ave Des Moines, IA 50317

ADDITIONAL PHOTOS

4001 E University Ave - Better Commercial

Listing ID: 33861747
Date on Market: 11/13/2024
Last Updated:
Address: 4001 E University Ave, Des Moines, IA 50317

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4001 E University Ave Des Moines, IA 50317