704 12th St | West Des Moines, IA 50265
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
704 12th St
West Des Moines, IA 50265
Residential Property For Sale · 11 Units
Investment Highlights
- This 11-unit multifamily property offers a Pro-Forma CAP Rate of 8.05% and a gross rent multiplier (GRM) of 7.21, making it a solid investment with si
- The property has great unit mixes with rents estimated to be 30%+ below market, providing substantial value-add potential through repositioning.
- With only one owner over the last 30+ years, the property has been meticulously cared for, showing true pride of ownership.
PROPERTY FACTS
| No. Units | 11 | Lot Size | 0.38 AC |
| Property Type | Residential | Building Size | 6,640 SF |
| Property Subtype | Apartment | Number of Floors | 2 |
| Apartment Style | Low Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 2.26/1,000 SF |
| No. Units | 11 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 6,640 SF |
| Number of Floors | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.26/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 1 | £822.50 | - |
| 2+1 | 7 | £877.50 | - |
| 3+1 | 3 | £1,005 | - |
PROPERTY TAXES
| Parcel Number | 320-03891000000 | Improvements Assessment | £696,711 |
| Land Assessment | £53,127 | Total Assessment | £749,838 |
PROPERTY TAXES
Parcel Number
320-03891000000
Land Assessment
£53,127
Improvements Assessment
£696,711
Total Assessment
£749,838
zoning
| Zoning Code | RH |
| RH |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
