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1123 24th
Des Moines, IA 50311
1123 24th St Des Moines · Multifamily Property For Sale
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4 Units
Investment Highlights
- Rare 4-plex by Drake University
- 100% Occupied and Cashflowing
- All Utilities Separated - Tenant Paid
- Completely Renovated in 2022
- Proforma NOI: $30,865
- 1 Mile from Downtown
Property Facts
| No. Units | 4 | Building Size | 2,550 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1904/2022 |
| Lot Size | 0.15 AC | Parking Ratio | 1.57/1,000 SF |
| Zoning | N5 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.15 AC |
| Building Size | 2,550 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1904/2022 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | N5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $700.00 | 475 |
| 1+1 | 1 | $750.00 | 525 |
| 2+1 | 1 | $862.50 | 700 |
| 3+1 | 1 | $1,100 | 850 |
Property Taxes
| Parcel Number | 030-01471000000 | Improvements Assessment | $245,300 |
| Land Assessment | $14,700 | Total Assessment | $260,000 |
Property Taxes
Parcel Number
030-01471000000
Land Assessment
$14,700
Improvements Assessment
$245,300
Total Assessment
$260,000
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