4309 SW 9th St Des Moines, IA

Listing office Toggle Space j***@realestateconcepts.net Show Phone

Listing date Sep 3, 2024

Source Moodyscre

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Investment Insights

Based on property information with market context.

This property features two buildings situated along the SW 9th corridor, divided by a drive/alley and sharing a parking area with 10 spaces. The building at 4309 SW 9th Street contains two units, each with separate entrances and individual metering. The current tenant in the front unit of 4309 is interested in remaining under new ownership. The building located at 4311 SW 9th Street will be vacant following the sale. The combined property size is 3,780 square feet.

Key Highlights

• Opportunity to acquire two buildings on the desirable SW 9th corridor.
• Potential for a near 10% cap rate with market rent adjustments.
• 4311 building will be vacant after the sale, allowing immediate occupancy or tenant placement.

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FAQs

What type of property is this?

Office building - Two buildings with shared parking on SW 9th Street.

Where is this office building located?

The property is located at 4309 SW 9th St Des Moines, IA.

What is the asking price?

The asking price for this property is $160,000.

What are key features of this property?

This property features: Opportunity to acquire two buildings on the desirable SW 9th corridor.; Potential for a near 10% cap rate with market rent adjustments.; 4311 building will be vacant after the sale, allowing immediate occupancy or tenant placement.