(515-203-2205) Collect Over $56K Per Month From 54 Unit Complex, Des Moines, IA For Sale

  • $3,900,000

Collect $56,200/month OR MORE on this 54 Unit Property in Des Moines, IA!
** Additional Income! Mostly Renovated! **

• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?

For less than the price of many Single Family Homes, you can have 54 income-producing units!

PRICED TO MOVE QUICKLY: $3,900,000
Don’t miss out!

This multifamily property offers multiple money-generating strategies:

▪ Pro forma cap rate 8.95%
▪ Stable property
▪ Minimum repairs needed
▪ Fully occupied
▪ Perfect small apartment starter
▪ Room for rent increases
▪ Diverse unit mix
▪ Priced to MOVE!
▪ Possible 1031 Exchange
▪ Great value-add property
▪ 5-year rate of return – 34.5% per year
▪ Proforma Market Value $4,600,000

This is an off-market deal.

For IMMEDIATE DELIVERY of the Property Package:

Option 1: Text your name & email to 515-203-2205 and a packet will be emailed within 10 minutes

Option 2: Dial the voice box at 515-203-2205 and speak ONLY your name & email – a packet will be emailed within 10 minutes

Price:
$3,900,000
Address:
810 Payton Ave
Des Moines, IA 50315
Terms:
For Sale
Property Type:
Apartment

Property Location