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2419 Cottage Grove Ave
Des Moines, IA 50311
The Cutler · Multifamily Property For Sale · 8 Units

INVESTMENT HIGHLIGHTS

  • 8 Units: (6) 2-beds, (2) 1-beds
  • 2 blocks from Interstate 235
  • Potential for increased income with low rents and month-to-month tenancy
  • Prime location 2 blocks from Drake University and Downtown
  • Well-maintained, attractive brick construction
  • Coin-op laundry and untapped basement storage for added income

PROPERTY FACTS

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.15 AC
Building Size 10,631 SF
Average Occupancy 88%
No. Stories 4
Year Built 1910
Parking Ratio 2.82/1,000 SF
Zoning R-3

AMENITIES

SITE AMENITIES

  • Laundry Facilities
  • Storage Space

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 2 $850.00 800
2+1 6 $1,200 1,205

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
030-06188000000
Land Assessment
$18,700
Improvements Assessment
$524,300
Total Assessment
$543,000
  • Listing ID: 31302112

  • Date on Market: 3/22/2024

  • Last Updated:

  • Address: 2419 Cottage Grove Ave, Des Moines, IA 50311

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