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3710 56th St
Des Moines, IA 50310
The Flats on 56th · Multifamily Property For Sale
·
29 Units
PROPERTY FACTS
| No. Units | 29 | Lot Size | 1.00 AC |
| Property Type | Multifamily | Building Size | 23,184 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | ||
| Zoning | C-2, R1-60 | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 23,184 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Zoning | C-2, R1-60 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Storage Space
- Ceiling Fans
- Hardwood Floors
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
ABOUT 3710 56TH ST , DES MOINES, IA 50310
These units offer ownership the ability to step into immediate cash flow and management. Conveniently located within 1/4 mile of Merle Hay mall, this property provides easy access for residents which consistently boosts occupancy and rental rates. With strong barriers to entry due to the costs of land and construction coupled with the affordability issue, this property offers a new ownership group the ability to maintain existing rents for years to come. Ability to purchase the Cooperative Status creating value in a lower tax basis!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | 408 |
| 1+1 | 18 | - | 648 |
| 2+1 | 6 | - | 816 - 1,200 |
PROPERTY TAXES
| Parcel Number | 100-07646000000 | Improvements Assessment | $1,625,000 |
| Land Assessment | $235,000 | Total Assessment | $1,860,000 |
PROPERTY TAXES
