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3274 E Euclid Ave
Des Moines, IA 50317
Multifamily Property For Sale
·
8 Units
Investment Highlights
- The property showcases exceptional pride of ownership with numerous capital improvements
- Built with durability in mind and offering above-market rental performance driven by its strong location and quality condition
- Each unit features individual exterior entrances, electric baseboard heat, and in-unit wall A/C, minimizing common area expenses and simplifying manag
- Outstanding opportunity for investors seeking stable cash flow, minimal deferred maintenance, and an attractive 7.15% cap rate.
Executive Summary
The KataLYST Team at KW Commercial is pleased to exclusively present 3274 Euclid Avenue, a meticulously maintained eight-unit multifamily investment located on a highly visible corner lot directly across from McDonald's at a signalized intersection and adjacent to a bus stop.
Under the same ownership for more than 20 years, the property showcases exceptional pride of ownership with numerous capital improvements, including updated windows, renovated interiors, luxury vinyl plank flooring, modern cabinetry, updated appliances, electrical panels, and a newer roof. Each unit features individual exterior entrances, electric baseboard heat, and in-unit wall A/C, minimizing common area expenses and simplifying management. Built with durability in mind and offering above-market rental performance driven by its strong location and quality condition, this turnkey asset presents an outstanding opportunity for investors seeking stable cash flow, minimal deferred maintenance, and an attractive 7.15% cap rate.
Under the same ownership for more than 20 years, the property showcases exceptional pride of ownership with numerous capital improvements, including updated windows, renovated interiors, luxury vinyl plank flooring, modern cabinetry, updated appliances, electrical panels, and a newer roof. Each unit features individual exterior entrances, electric baseboard heat, and in-unit wall A/C, minimizing common area expenses and simplifying management. Built with durability in mind and offering above-market rental performance driven by its strong location and quality condition, this turnkey asset presents an outstanding opportunity for investors seeking stable cash flow, minimal deferred maintenance, and an attractive 7.15% cap rate.
Property Facts
| Price Per Unit | $134,677 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 7.15% | Building Size | 5,568 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1977/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.8/1,000 SF |
| Zoning | R-3 | ||
| Price Per Unit | $134,677 CAD |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 5,568 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2024 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 750 |
Property Taxes
| Parcel Number | 060-01835001000 | Improvements Assessment | $647,150 CAD |
| Land Assessment | $78,599 CAD | Total Assessment | $725,749 CAD |
Property Taxes
Parcel Number
060-01835001000
Land Assessment
$78,599 CAD
Improvements Assessment
$647,150 CAD
Total Assessment
$725,749 CAD
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