6920 SW 9th St - Apartments FOR SALE


Des Moines, IA 50315- Outer SE Des Moines S
$745,000 USD
515-415-6111
6920 SW 9th St, Des Moines, IA for Sale
$745,000 USD
Apartments - FOR SALE
1/15
null | 7.4% Cap Rate

6920 SW 9th St
Des Moines, IA 50315
Outer SE Des Moines S


HIGHLIGHTS

  • 12 Units
  • Unit Mix: All 2BR/1BA

OVERVIEW

CBRE is pleased to present the opportunity to acquire 9th Street Apartments, a well-maintained 12-unit multifamily community located in Des Moines, Iowa - one of the Midwest’s fastest-growing metro areas. 9th Street Apartments offers a prime location along SW 9th Street, one of Des Moines’ main corridors. The community sits just minutes from the Des Moines International Airport, which is currently undergoing a $600 million expansion. Residents also enjoy being within walking distance of the popular Blank Park Zoo and only a short drive from major retailers such as Southridge Mall, Target, Hy-Vee, Marshalls, Hobby Lobby, Menards, and more. Address: 6920 SW 9th St, Des Moines, IA 50315 List Price: $745,000 Cap Rate: 7.40% Number of Units: 12 Year Built: 1972 Unit Mix: All 2BR/1BA Total Building SF: 8,064 Avg. In Place Rent: $770 Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=qzEu8xnx7mM6doLCef6laFgqamyVly5suiEFN0FGRUqqURtF2-f08I3zb9A3x-Hi

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

12

PRICE/UNIT

$62,083

CAP RATE

7.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

R-3

APN/PARCEL ID

120-04310002000

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.