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6920 Southwest 9Th St Des Moines, IA 50315

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For Sale
$745,000

Well-maintained 12-unit apartment community in Des Moines, Iowa.

Property Features for 6920 Southwest 9Th St

General Information

Standard status
Active

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Listing Contact
Ray Hamilton
Source: Cbre

Listing Agent: Ray Hamilton

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Des Moines Multifamily Investment Opportunity

The 9th Street Apartments present an investment opportunity in a 12-unit multifamily community located in Des Moines, Iowa. Constructed in 1972, the building has a total area of 8,064 square feet. The property is situated along SW 9th Street, a main corridor in Des Moines, and is conveniently located minutes from the Des Moines International Airport, which is currently undergoing a $600 million expansion. Residents also benefit from being within walking distance of Blank Park Zoo and a short drive from retail locations such as Southridge Mall, Target, Hy-Vee, Marshalls, Hobby Lobby, and Menards. The unit mix consists entirely of 2-bedroom/1-bathroom apartments.
Location Intelligence

Current Use by Public Records

The Promised Landscaping Landscaping

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Des Moines
County
Polk
State
Iowa
Longitude
-93.626228
Latitude
41.5214198

FAQs

What type of property is this?
Apartment building - Well-maintained 12-unit apartment community in Des Moines, Iowa.
Where is this apartment building located?
The property is located at 6920 Southwest 9Th St Des Moines, IA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: - High Cap Rate: 7.40%; - Located in Des Moines, one of the Midwest's fastest-growing metro areas; - 12 Units, all 2BR/1BA
More about this property
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