1424 30th St - Apartments FOR SALE


Des Moines, IA 50311- Drake
$420,000 USD
712-898-7933
1424 30th St, Des Moines, IA for Sale
$420,000 USD
Apartments - FOR SALE
1/19
null | 5.89% Cap Rate

1424 30th St
Des Moines, IA 50311
Drake


OVERVIEW

Investor-ready 6-unit apartment building at 1424 30th Street in the heart of the Drake neighborhood. This well-located asset features 4 one-bed/one-bath units and 2 two-bed/one-bath units, with stabilized tenancy in place. Recent updates include new siding, roof, and windows. Off-street parking in rear, strong rental demand, and high visibility on a busy corridor make this a solid long-term hold or 1031 exchange candidate. Potential value-add opportunity with utilities being paid by the owner.

FOR SALE DETAILS

PRICE

$420,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

6

PRICE/UNIT

$70,000

CAP RATE

5.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,148 SF

ZONING

N5-4 - R3+

APN/PARCEL ID

100-09663000000

ASK ABOUT THIS PROPERTY

Kaden SmithThe York CompaniesMore Info
712-898-7933

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Kaden SmithThe York CompaniesMore Info
712-898-7933

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.