Here is your chance to own a cash flowing asset in a great Des Moines location just a minute from I235, and the growing area on the Ingersoll Ave strip. Minutes to downtown, Principal Park, Wells Fargo Arena and dining and entertainment. Strong occupancy, these are easy to fill, all but one unit are currently occupied. Off street parking with some carports available as well (also vacant ground that could be used in the future).The 4 brick buildings are in great shape structurally and will have 4 brand new roofs (20 year transferrable warranties) paid by current owner. These cash flow at a solid 6% CAP (above average) and have additional upside (Currently not charging for laundry and rent increases are 2 areas) 19 one bed units, and 1 two bed unit. Units are approx 650 sqft. w nice kitchen, dining area, living room, bedroom and bathroom. Many units are already updated! Also include great basement storage space for each unit; there is opportunity to monetize this area as well.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
