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6920 SW 9th St 12 Unit Apartment Building $745,000 ($62,083/Unit) 7.40% Cap Rate Des Moines, IA 50315
Investment Highlights
- 12 Units
- Unit Mix: All 2BR/1BA
Executive Summary
CBRE is pleased to present the opportunity to acquire 9th Street Apartments, a well-maintained 12-unit multifamily community located in Des Moines, Iowa - one of the Midwest’s fastest-growing metro areas.
9th Street Apartments offers a prime location along SW 9th Street, one of Des Moines’ main corridors. The community sits just minutes from the Des Moines International Airport, which is currently undergoing a $600 million expansion. Residents also enjoy being within walking distance of the popular Blank Park Zoo and only a short drive from major retailers such as Southridge Mall, Target, Hy-Vee, Marshalls, Hobby Lobby, Menards, and more.
Address: 6920 SW 9th St, Des Moines, IA 50315
List Price: $745,000
Cap Rate: 7.40%
Number of Units: 12
Year Built: 1972
Unit Mix: All 2BR/1BA
Total Building SF: 8,064
Avg. In Place Rent: $770
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=qzEu8xnx7mM6doLCef6laFgqamyVly5suiEFN0FGRUqqURtF2-f08I3zb9A3x-Hi
9th Street Apartments offers a prime location along SW 9th Street, one of Des Moines’ main corridors. The community sits just minutes from the Des Moines International Airport, which is currently undergoing a $600 million expansion. Residents also enjoy being within walking distance of the popular Blank Park Zoo and only a short drive from major retailers such as Southridge Mall, Target, Hy-Vee, Marshalls, Hobby Lobby, Menards, and more.
Address: 6920 SW 9th St, Des Moines, IA 50315
List Price: $745,000
Cap Rate: 7.40%
Number of Units: 12
Year Built: 1972
Unit Mix: All 2BR/1BA
Total Building SF: 8,064
Avg. In Place Rent: $770
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=qzEu8xnx7mM6doLCef6laFgqamyVly5suiEFN0FGRUqqURtF2-f08I3zb9A3x-Hi
Property Facts
| Price | $745,000 | Apartment Style | Low-Rise |
| Price Per Unit | $62,083 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 7.40% | Building Size | 8,064 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | ||
| Zoning | R-3 | ||
| Price | $745,000 |
| Price Per Unit | $62,083 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 8,064 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 750 |
1 1
Property Taxes
| Parcel Number | 120-04310002000 | Improvements Assessment | $685,200 |
| Land Assessment | $89,800 | Total Assessment | $775,000 |
Property Taxes
Parcel Number
120-04310002000
Land Assessment
$89,800
Improvements Assessment
$685,200
Total Assessment
$775,000
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6920 SW 9th St
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