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Welbeck Apartments 2411 Welbeck Rd 12 Unit Apartment Building $950,000 ($79,167/Unit) 5.51% Cap Rate Des Moines, IA 50310
Investment Highlights
- Major Capital Improvements Completed - property fully renovated, minimizing near-term capital expense
- Market Barriers to Entry - limited supply of quality renovated product in Des Moines submarket
- Owner Financing Available - sellers willing to consider creative deal structures to lower barriers to entry
- Professional Management in Place - stabilized operations with above-average market rents
Executive Summary
The KataLYST Team, as part of KW Commercial Realty, is pleased to market for sale 2411 Welbeck Road, Des Moines, Iowa. This 12-unit multifamily property consists of all 2Bd/1Ba units that are fully renovated and positioned to deliver stable income with upside potential. With Residential Utility Bill-Back (RUBS) in place, above-market rents, and professional management on site, the asset presents an attractive opportunity for both seasoned and first-time investors.
Notably, the seller is open to creative financing options, including owner financing, making this an even more compelling acquisition in today’s high-rate environment.
Notably, the seller is open to creative financing options, including owner financing, making this an even more compelling acquisition in today’s high-rate environment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $79,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 5.51% | Building Size | 8,784 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Zoning | C-1 | ||
| Price | $950,000 |
| Price Per Unit | $79,167 |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 8,784 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | C-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 750 |
Property Taxes
| Parcel Number | 080-07168042002 | Improvements Assessment | $655,300 |
| Land Assessment | $35,700 | Total Assessment | $691,000 |
Property Taxes
Parcel Number
080-07168042002
Land Assessment
$35,700
Improvements Assessment
$655,300
Total Assessment
$691,000
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Welbeck Apartments | 2411 Welbeck Rd
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