704 12th St | West Des Moines, IA 50265
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- LoopNet Team
704 12th St
West Des Moines, IA 50265
Multifamily Property For Sale · 11 Units
Investment Highlights
- This 11-unit multifamily property offers a Pro-Forma CAP Rate of 8.05% and a gross rent multiplier (GRM) of 7.21, making it a solid investment with si
- The property has great unit mixes with rents estimated to be 30%+ below market, providing substantial value-add potential through repositioning.
- With only one owner over the last 30+ years, the property has been meticulously cared for, showing true pride of ownership.
PROPERTY FACTS
| No. Units | 11 | Lot Size | 0.38 AC |
| Property Type | Multifamily | Building Size | 6,640 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 2.26/1,000 SF |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 6,640 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.26/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $822.50 | - |
| 2+1 | 7 | $877.50 | - |
| 3+1 | 3 | $1,005 | - |
PROPERTY TAXES
| Parcel Number | 320-03891000000 | Improvements Assessment | $873,400 |
| Land Assessment | $66,600 | Total Assessment | $940,000 |
PROPERTY TAXES
Parcel Number
320-03891000000
Land Assessment
$66,600
Improvements Assessment
$873,400
Total Assessment
$940,000
zoning
| Zoning Code | RH |
| RH |
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