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1419 E 40th St
Des Moines, IA 50317
1419 E 40th St · Multifamily Property For Sale
·
2 Units
Investment Highlights
- Both 3-Bed, 1-Bath units
- Proforma CapRate: 8.5%
- Interest Rate Buydown available
- All Utilities Separated
- CoC Return: 12.3% - after updates
Property Facts
| No. Units | 2 | Building Size | 1,990 SF |
| Property Type | Multifamily | Average Occupancy | 50% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1983 |
| Lot Size | 0.20 AC | Parking Ratio | 2.01/1,000 SF |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.20 AC |
| Building Size | 1,990 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 2.01/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $1,300 | 1,000 |
Property Taxes
| Parcel Number | 060-00711104002 | Improvements Assessment | $184,000 |
| Land Assessment | $24,500 | Total Assessment | $208,500 |
Property Taxes
Parcel Number
060-00711104002
Land Assessment
$24,500
Improvements Assessment
$184,000
Total Assessment
$208,500
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