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101 Rhoten Ave
Runnells, IA 50237
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 1.05 AC |
| Property Type | Multifamily | Building Size | 6,468 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1973 |
| Zoning | Residential | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 6,468 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Zoning | Residential |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
ABOUT 101 RHOTEN AVE , RUNNELLS, IA 50237
This well maintained 8plex in the quiet town and suburb of Des Moines offers a perfect investment for the new or growing investment portfolio. On a quiet street with extra land to build garages, storage units, or a 2nd building, this investment offers immediate cashflow with 2018 projections of a 10.6%-12.9% Cash-on-Cash return on investment! With a new roof, updated siding, and a majority of the units rehabbed, this investment is a turn-key opportunity with very little additional capital needed for the first years of operation.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $612.50 | 650 |
PROPERTY TAXES
| Parcel Number | 161-00205001000 | Improvements Assessment | $541,000 |
| Land Assessment | $25,000 | Total Assessment | $566,000 |
PROPERTY TAXES
