Available For Sale - Multifamily

3,299 SF | Show Pricing $

LISTED BY

Chase Keller CCIM
Better Commercial - RE/MAX Precision, 319-231-1160

AVAILABILITY DETAILS

Size
3,299 SF
Price/SF
Show Pricing $
Listing ID
SA541909
Notes
Introducing a prime investment opportunity in the the very popular Ankeny area: This 6 unit building includes two studios and four one-bedroom units, with five currently leased. This property generates a gross income of $3,400 monthly, with potential close to $5,000.



Each unit is individually metered for electricity and heating, minimizing overhead costs for the owner. Additional amenities include a coin-operated laundry facility in the basement, space for potential storage development, and six large garage stalls offering untapped potential for additional rental income. With minimal updates required and a pro forma cap rate exceeding 9%, this property presents a valuable add-on opportunity in the thriving Des Moines market.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chase Keller CCIM, Better Commercial - RE/MAX Precision
BRE# 344000905