983 26th Street is a well-maintained four-unit (all 1-bed 1-bath) apartment building located in the Drake neighborhood of Des Moines, an area with consistent rental demand and strong long-term growth fundamentals. The property offers solid in-place cash flow with long-term tenants, making it an attractive opportunity for investors seeking stable income.
The building is located within the Invest DSM area, providing additional upside potential through continued neighborhood reinvestment and improvement initiatives. The Drake area remains popular among renters due to its proximity to Drake University, downtown Des Moines, major employment centers, and public transit.
This asset is ideal for both seasoned investors and those looking to expand their multifamily portfolio with a proven, income-producing property in a central Des Moines location.