3274 E Euclid Ave - Apartments FOR SALE


Des Moines, IA 50317- Douglas Acres
$769,000 USD
515-639-0145
3274 E Euclid Ave, Des Moines, IA for Sale
$769,000 USD
Apartments - FOR SALE
1/17
null | 7.15% Cap Rate

3274 E Euclid Ave
Des Moines, IA 50317
Douglas Acres


HIGHLIGHTS

  • The property showcases exceptional pride of ownership with numerous capital improvements
  • Each unit features individual exterior entrances, electric baseboard heat, and in-unit wall A/C, minimizing common area expenses and simplifying manag
  • Built with durability in mind and offering above-market rental performance driven by its strong location and quality condition
  • Outstanding opportunity for investors seeking stable cash flow, minimal deferred maintenance, and an attractive 7.15% cap rate.

OVERVIEW

The KataLYST Team at KW Commercial is pleased to exclusively present 3274 Euclid Avenue, a meticulously maintained eight-unit multifamily investment located on a highly visible corner lot directly across from McDonald's at a signalized intersection and adjacent to a bus stop. Under the same ownership for more than 20 years, the property showcases exceptional pride of ownership with numerous capital improvements, including updated windows, renovated interiors, luxury vinyl plank flooring, modern cabinetry, updated appliances, electrical panels, and a newer roof. Each unit features individual exterior entrances, electric baseboard heat, and in-unit wall A/C, minimizing common area expenses and simplifying management. Built with durability in mind and offering above-market rental performance driven by its strong location and quality condition, this turnkey asset presents an outstanding opportunity for investors seeking stable cash flow, minimal deferred maintenance, and an attractive 7.15% cap rate.

FOR SALE DETAILS

PRICE

$769,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

8

PRICE/UNIT

$96,125

CAP RATE

7.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,511 SF

ZONING

R-3

APN/PARCEL ID

060-01835001000

ASK ABOUT THIS PROPERTY

Jared HusmannThe KataLYST TeamMore Info
515-639-0145

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Jared HusmannThe KataLYST TeamMore Info
515-639-0145

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