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983 26th St - 983 26th St 4 Unit Apartment Building Offered at $270,000 at a 7.02% Cap Rate Des Moines, IA 50312
EXECUTIVE SUMMARY
983 26th Street is a well-maintained four-unit (all 1-bed 1-bath) apartment building located in the Drake neighborhood of Des Moines, an area with consistent rental demand and strong long-term growth fundamentals. The property offers solid in-place cash flow with long-term tenants, making it an attractive opportunity for investors seeking stable income.
The building is located within the Invest DSM area, providing additional upside potential through continued neighborhood reinvestment and improvement initiatives. The Drake area remains popular among renters due to its proximity to Drake University, downtown Des Moines, major employment centers, and public transit.
This asset is ideal for both seasoned investors and those looking to expand their multifamily portfolio with a proven, income-producing property in a central Des Moines location.
The building is located within the Invest DSM area, providing additional upside potential through continued neighborhood reinvestment and improvement initiatives. The Drake area remains popular among renters due to its proximity to Drake University, downtown Des Moines, major employment centers, and public transit.
This asset is ideal for both seasoned investors and those looking to expand their multifamily portfolio with a proven, income-producing property in a central Des Moines location.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
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The York Companies
983 26th St - 983 26th St
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