This Multifamily Property is no longer advertised on LoopNet.com.

4131 55th St
Des Moines, IA 50310
Multifamily Property For Sale · 2 Units

Investment Highlights

  • Unique Duplex Opportunity
  • NOI: $20,828
  • Tenants pay all utilities and take care of lawn care and snow removal
  • $255,000
  • Caprate: 8.17% - CoC Return: 8.9%
  • Fully occupied and managed!

Property Facts

No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.19 AC
Building Size 2,643 SF
Average Occupancy 100%
No. Stories 2
Year Built 1947
Parking Ratio 3.03/1,000 SF
Zoning N3A

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $1,000 950
4+2 1 $1,700 1,693

Property Taxes

Property Taxes

Parcel Number
100-00594000000
Land Assessment
$47,700
Improvements Assessment
$211,200
Total Assessment
$258,900
  • Listing ID: 32543558

  • Date on Market: 7/22/2024

  • Last Updated:

  • Address: 4131 55th St, Des Moines, IA 50310

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