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Browse More Listings in Multifamily For Sale, De Soto, IA or Iowa

Multifamily Property For Sale

Acorn Apartments

1210 - 1220 Guthrie, De Soto, IA 50069

Price:
$710,000
No. Units:
18
Building Size:
5,700 SF
Price/Unit:
$39,444.44
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
8.50%
Occupancy:
95%
No. Stories:
2
Year Built:
1977
Find Out More...

Last Verified 10/8/2009 Listing ID 16273600

Highlights

Most apartments refurbushed - new cabinets, carpet, woodwork, windows etc.
Just one exit away from Waukee
$100k+ annual revenue

No other apartment buildings in town
Attractive to tenants who work in the Western suburbs who can't affoard WDM rents
Also attractive to tennants working n towns East of I-80

Description

18 units total. 14 two bedroom apartments and 4 Studios. Buildings completely refurbused approx 5 years ago with newer roof, siding, and windows. Landlord pays just water/sewer.

Additional commercial zoned land available adjacent to property (approx 2+ Acres).
Property adjacent to motel for sale shown in listing 16273580

Just off Interstate 80 on Hwy 169. 10 minute drive to West Des Moines Jordon Creek exit.

Financial Summary

Actual
Year
2008
Effective Gross Income
$106,458
Operating Expenses
$41,289
Net Operating Income
$65,170

Map of 1210 - 1220 Guthrie, De Soto, IA 50069 (Dallas County)

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Presented by

Denbar Properties

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Contact Listing Broker

Steven C (515) 556-7753

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Created 6/10/2009

Additional Information for 1210 Guthrie Street, De Soto, IA 50069

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Acorn Apartments

1210 - 1220 Guthrie, De Soto, IA, 50069