Available For Sale - Multifamily

1,996 SF | Show Pricing $

LISTED BY

Chase Keller CCIM
Better Commercial - RE/MAX Precision, 319-231-1160

AVAILABILITY DETAILS

Size
1,996 SF
Price/SF
Show Pricing $
Listing ID
SA531292
Notes
Great Off-Market 3 Bed Duplex Opportunity in Des Moines' East side.

$230,000

One unit is recently vacated. Occupied unit is on month to month at $700, rent comps are $1300. It needs a little work to get there, but it won't take much.

All utilities separated and tenants take care of Lawn & Snow.

Both units have all 3 bedrooms and bathroom on Upper Level, with the Living Room and Kitchen on the Main Level.

Built 1983. CapRate 8.5%

12.3% Cash on Cash Return after renovation

Buy before Interest Rates drop and buyer demand floods back into the market. Potential Seller paid Rate Buy-down available.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chase Keller CCIM, Better Commercial - RE/MAX Precision
BRE# 344000905