4671 NW 50th St - Apartments FOR SALE


Des Moines, IA 50310- Outer West Des Moines/Urbandale
$775,000 USD
515-415-6111
4671 NW 50th St, Des Moines, IA for Sale
$775,000 USD
Apartments - FOR SALE
1/9
null | 8.29% Cap Rate


HIGHLIGHTS

  • Over $170k in recent capital improvements
  • All units fully renovated
  • Central air

OVERVIEW

Address: 4671 NW 50th St, Des Moines, IA 50310 List Price: $775,000 Cap Rate: 8.29%? ?Over $170,000 in recent capital improvements ?All units fully renovated ?Brand-new septic system ?Recently replaced three A/C units and one furnace ?Residents pay electric and gas. Owner pays water, trash, and vacant unit utilities. Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=CI3ic1-mR4troKIpb7ojX39FuEsWFU3i97JTBk50dcrNiduKL8-atkn4BniBzd7G ?Year Built: 1969 ?Year Renovated: 2025 ?Number of Units: 11 ?Unit Mix: All 1BR/1BA ?Avg.? In Place Rents: $805 ?Parking: Surface ?Heating: Individual furnace ?Cooling: Central A/C ?Water Heater: Individual

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

11

PRICE/UNIT

$70,455

CAP RATE

8.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lovington Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

LDR

APN/PARCEL ID

310-00496000000

ASK ABOUT THIS PROPERTY

Ray HamiltonCBREMore Info
515-415-6111

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Ray HamiltonCBREMore Info
515-415-6111

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