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Lovington Apartments 4671 NW 50th St 11 Unit Apartment Building $1,054,395 CAD ($95,854 CAD/Unit) 8.29% Cap Rate Des Moines, IA 50310
Investment Highlights
- Over $170k in recent capital improvements
- Central air
- All units fully renovated
Executive Summary
Address: 4671 NW 50th St, Des Moines, IA 50310
List Price: $775,000
Cap Rate: 8.29%?
?Over $170,000 in recent capital improvements
?All units fully renovated
?Brand-new septic system
?Recently replaced three A/C units and one furnace
?Residents pay electric and gas. Owner pays water, trash, and vacant unit utilities.
Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=CI3ic1-mR4troKIpb7ojX39FuEsWFU3i97JTBk50dcrNiduKL8-atkn4BniBzd7G
?Year Built: 1969
?Year Renovated: 2025
?Number of Units: 11
?Unit Mix: All 1BR/1BA
?Avg.? In Place Rents: $805
?Parking: Surface
?Heating: Individual furnace
?Cooling: Central A/C
?Water Heater: Individual
List Price: $775,000
Cap Rate: 8.29%?
?Over $170,000 in recent capital improvements
?All units fully renovated
?Brand-new septic system
?Recently replaced three A/C units and one furnace
?Residents pay electric and gas. Owner pays water, trash, and vacant unit utilities.
Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=CI3ic1-mR4troKIpb7ojX39FuEsWFU3i97JTBk50dcrNiduKL8-atkn4BniBzd7G
?Year Built: 1969
?Year Renovated: 2025
?Number of Units: 11
?Unit Mix: All 1BR/1BA
?Avg.? In Place Rents: $805
?Parking: Surface
?Heating: Individual furnace
?Cooling: Central A/C
?Water Heater: Individual
Property Facts
| Price | $1,054,395 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $95,854 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.94 AC |
| Cap Rate | 8.29% | Building Size | 5,016 SF |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2025 |
| Property Subtype | Apartment | ||
| Zoning | LDR | ||
| Price | $1,054,395 CAD |
| Price Per Unit | $95,854 CAD |
| Sale Type | Investment |
| Cap Rate | 8.29% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.94 AC |
| Building Size | 5,016 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2025 |
| Zoning | LDR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 456 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 310-00496000000 | Improvements Assessment | $517,402 CAD |
| Land Assessment | $83,943 CAD | Total Assessment | $601,345 CAD |
Property Taxes
Parcel Number
310-00496000000
Land Assessment
$83,943 CAD
Improvements Assessment
$517,402 CAD
Total Assessment
$601,345 CAD
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Lovington Apartments | 4671 NW 50th St
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