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Executive Summary
West Des Moines investment opportunity! Three story, brick 12-plex apartment building. This property includes 12 -spacious 2 bedroom, one full bath units, each with a one car detached garage included. Newer roof. Newer electrical throughout building/ individual electric meters to each unit. Plenty of parking. Each unit has a stove, dishwasher, refrigerator, and microwave. Two coin operated laundry areas. Most units have been renovated. Storage shed, picnic area and close to bus line. Excellent opportunity for growth potential. Fully rented, no current vacancies. Total monthly income $12,370
Property Facts Under Contract
| Price | $1,774,681 CAD | Building Class | B |
| Price Per Unit | $147,890 CAD | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 10,143 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 2.36/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RH - Residential | ||
| Price | $1,774,681 CAD |
| Price Per Unit | $147,890 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.56 AC |
| Building Size | 10,143 SF |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 2.36/1,000 SF |
| Zoning | RH - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 320-00998000000 | Improvements Assessment | $1,535,222 CAD |
| Land Assessment | $136,178 CAD | Total Assessment | $1,671,400 CAD |
Property Taxes
Parcel Number
320-00998000000
Land Assessment
$136,178 CAD
Improvements Assessment
$1,535,222 CAD
Total Assessment
$1,671,400 CAD
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