4001 E University Ave, Des Moines, IA 50317

4001 E University Ave offers an exceptional investment opportunity in Des Moines, IA. This 8-unit multifamily property features 2-bedroom units in a strategic location less than 10 minutes from downtown, with easy access to shopping, dining, and entertainment on University Ave. The property includes ample parking and a generous greenspace with a patio, enhancing tenant appeal. RUBS (Ratio Utility Billing System) is being implemented for utilities, offering increased revenue potential. Tenants already cover electric bills, and water billing is in place, with heat implementation underway. Recent renovations have driven rent increases, with most units on Month-to-Month leases, providing flexibility for a new owner to optimize financial performance. The property maintains high occupancy, with just one unit currently vacant due to renovations. Its strong rental history highlights tenant satisfaction and demand. This income-generating property combines steady cash flow, value appreciation potential, and adaptability to market changes, making it an excellent addition to any portfolio. Don’t miss this opportunity to own a high-performing asset in the dynamic Des Moines real estate market.