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1120 23rd St
Des Moines, IA 50311
Immeuble residentiel Propriété À vendre
·
6 Unités
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Nearby retail amenities
- Secure key bad entry
- 4 of 6 units complete remodels
RÉSUMÉ DE L'ANNONCE
PRICE REDUCED!!! $460,000
1120 23rd Street is strategically situated in Des Moines, IA just one mile from downtown and adjacent to Drake University. This prime location offers tenants convenient access to the city’s central business district and the university’s cultural and educational amenities. Des Moines serves as a major employment hub, home to leading employers such as Wells Fargo, Hy-Vee, Principal Financial Group, UnityPoint Health, MercyOne, and John Deere. The proximity to these major institutions enhances the property’s appeal to working professionals and university affiliates alike. Located just blocks from Interstate 235, this property offers excellent connectivity to the entire metro area. Ample on-site parking—an uncommon feature in the Drake neighborhood—adds further convenience and value. This central location attracts a diverse tenant base and offers strong upside in one of Des Moines’ most desirable submarkets
Current ownership has held and self-managed this property since acquiring the building in 2021. Over the past five years, they’ve made significant capital improvements, including 4 complete unit remodels, egress, stairs, fixtures, doors, and new gas meters and plumbing. The unit remodels include paint, flooring, cabinets, vanities, doors, fixtures, appliances, and lighting at an average of $12,000 per unit. All units are on 12-month leases, and 5 of the 6 units pay RUBs, Pet fees, and internet, ranging from $100-$130 per month of additional rental income. There is immediate upside potential at this property by finishing what the current ownership started and remodeling the remaining two units. New laundry machines were added to the property within the last 12 months.
1120 23rd Street is strategically situated in Des Moines, IA just one mile from downtown and adjacent to Drake University. This prime location offers tenants convenient access to the city’s central business district and the university’s cultural and educational amenities. Des Moines serves as a major employment hub, home to leading employers such as Wells Fargo, Hy-Vee, Principal Financial Group, UnityPoint Health, MercyOne, and John Deere. The proximity to these major institutions enhances the property’s appeal to working professionals and university affiliates alike. Located just blocks from Interstate 235, this property offers excellent connectivity to the entire metro area. Ample on-site parking—an uncommon feature in the Drake neighborhood—adds further convenience and value. This central location attracts a diverse tenant base and offers strong upside in one of Des Moines’ most desirable submarkets
Current ownership has held and self-managed this property since acquiring the building in 2021. Over the past five years, they’ve made significant capital improvements, including 4 complete unit remodels, egress, stairs, fixtures, doors, and new gas meters and plumbing. The unit remodels include paint, flooring, cabinets, vanities, doors, fixtures, appliances, and lighting at an average of $12,000 per unit. All units are on 12-month leases, and 5 of the 6 units pay RUBs, Pet fees, and internet, ranging from $100-$130 per month of additional rental income. There is immediate upside potential at this property by finishing what the current ownership started and remodeling the remaining two units. New laundry machines were added to the property within the last 12 months.
FAITS SUR LA PROPRIÉTÉ
| Prix par unité | 96 446 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,15 AC |
| Taux de capitalisation | 8% | Taille du bâtiment | 4 372 pi² |
| Multiplicateur du loyer brut | 9.16 | Occupation moyenne | 100% |
| Nombre d’unités | 6 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1950/2021 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,37/1 000 pi² |
| Style d’appartement | De faible hauteur | Zone de développement économique |
Oui
|
| Zonage | N5 - Appartement - Quartier N5 | ||
| Prix par unité | 96 446 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 8% |
| Multiplicateur du loyer brut | 9.16 |
| Nombre d’unités | 6 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,15 AC |
| Taille du bâtiment | 4 372 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1950/2021 |
| Ratio de stationnement | 1,37/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | N5 - Appartement - Quartier N5 |
COMMODITÉS
- Détecteur de fumée
COMMODITÉS DES UNITÉS
- Climatisation
- Prêt pour le câble
- Lave-vaisselle
- Micro-ondes
- Espace d'entreposage
- Laveuse/Sécheuse
- Chauffage
- Cuisine
- Four
- Bain/Douche
- Wi-Fi
- Salle de séjour
- Lingerie
- Plancher de vinyle
COMMODITÉS DU SITE
- Accès contrôlé
- Installations de lessive
- Système de sécurité
- Cuisinière à gaz
- Wi-Fi
- Entreposage de vélo
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 6 | 1 068 $ CAD | 470 - 650 |
Impôts fonciers
| Numéro de lot | 030-01488000000 | Évaluation des bâtiments | 385 509 $ CAD |
| Évaluation du terrain | 18 043 $ CAD | Évaluation totale | 403 552 $ CAD |
Impôts fonciers
Numéro de lot
030-01488000000
Évaluation du terrain
18 043 $ CAD
Évaluation des bâtiments
385 509 $ CAD
Évaluation totale
403 552 $ CAD
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