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Bassman Portfolio 4 Multifamily Properties Offered at $4,707,050 in Des Moines, IA
Investment Highlights
- 21-Property / 42-Unit Portfolio – Diversified offering consisting of 16 single-family homes and five multifamily properties.
- Approximately 10% Below Retail Value – Bulk acquisition provides immediate embedded equity compared to estimated individual property values.
- Long-Term Equity Growth Potential – Positioned to benefit from continued loan amortization and the Des Moines metro's historically strong residential
- 7.11% In-Place Cap Rate – Attractive day-one cash flow supported by actual historical profit and loss statements.
- Multiple Exit Strategies – Hold the entire portfolio for long-term income and appreciation OR selectively sell individual properties to unlock embedde
Executive Summary
The KataLYST Team by KW Commercial is pleased to exclusively offer this unique residential investment portfolio for sale. The offering consists of 21 properties totaling 42 residential units, including 16 single-family homes and five multifamily properties, providing investors with a rare opportunity to acquire a diversified portfolio through a single transaction. Offered at a 7.11% capitalization rate based on actual historical profit and loss statements, the portfolio delivers immediate in-place cash flow while also presenting multiple value-creation strategies. Acquiring the assets as a portfolio allows investors to purchase at an estimated 10% discount to individual retail value, creating immediate embedded equity at acquisition.
Additionally, the Des Moines metropolitan housing market has historically appreciated faster than inflation over the long term, allowing owners to grow equity through ongoing loan amortization and long-term property appreciation. Whether pursuing a buy-and-hold strategy or a phased disposition of individual assets, this offering combines scale, diversification, durable cash flow, and multiple avenues for value creation that are seldom available in today's market.
Additionally, the Des Moines metropolitan housing market has historically appreciated faster than inflation over the long term, allowing owners to grow equity through ongoing loan amortization and long-term property appreciation. Whether pursuing a buy-and-hold strategy or a phased disposition of individual assets, this offering combines scale, diversification, durable cash flow, and multiple avenues for value creation that are seldom available in today's market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $4,707,050 | Number of Properties | 21 |
| Price / SF | $252.55 / SF | Individually For Sale | 0 |
| Cap Rate | 7.11% | Total Building Size | 18,638 SF |
| Sale Type | Investment | Total Land Area | 0.92 AC |
| Status | Active |
| Price | $4,707,050 |
| Price / SF | $252.55 / SF |
| Cap Rate | 7.11% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 21 |
| Individually For Sale | 0 |
| Total Building Size | 18,638 SF |
| Total Land Area | 0.92 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3927 University Ave, Des Moines, IA 50311 | Multifamily | 7,245 SF | 1924 | - |
| 3324 University Ave, Des Moines, IA 50311 | Multifamily | 4,408 SF | 1902 | - |
| 3507 2nd Ave, Des Moines, IA 50313 | Multifamily | 3,631 SF | 1902 | - |
| 3420 Oxford St, Des Moines, IA 50313 | Multifamily | 3,354 SF | 1916 | - |
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Bassman Portfolio