Apartment Buildings /IA /Polk County /Des Moines /1137 26th St
Apartment Buildings /IA /Polk County /Des Moines /1137 26th St

1137 26th St - Apartments FOR SALE


Des Moines, IA 50311- Drake | 
$745,000 USD
515-415-6111
1137 26th St, Des Moines, IA for Sale
$745,000 USD
Apartments - FOR SALE
1/6
null | 8.08% Cap Rate
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1137 26th St
Des Moines, IA 50311
Drake

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HIGHLIGHTS

  • New roof in 2025
  • Across the street from Drake University
  • Neighbors newly constructed mixed-use development and hotel
  • Completely renovated in 2015
  • Walkable to several dining & entertainment options
  • Less than 5 minutes from Downtown Des Moines

OVERVIEW

$745,000 8.08% cap rate 12 units 6-Studios & 6-1BR/1BA $698 average rent

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

12

PRICE/UNIT

$62,083

CAP RATE

8.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

26th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R-3

APN/PARCEL ID

030-01439000000

ASK ABOUT THIS PROPERTY

Ray HamiltonCBREMore Info
515-415-6111

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Ray HamiltonCBREMore Info
515-415-6111

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