For Sale
$300,000

1427 5Th AveDes Moines, IA 50314

7-Unit Apartment Building, Distressed Sale

Overview

Added:
Dec 11, 2024
Days on market:
110
This exceptional investment opportunity presents a 7-unit apartment building in Des Moines, Iowa, situated at 1427 5th Ave, zip code 50314. The property, a three-story building constructed in 1906 and renovated in 1980, offers 6,360 square feet of space, priced at $300,000 ($47.17/sq ft and $42,857.14/unit). The building comprises four two-bedroom, one-bathroom units

Highlights

  • Exceptional 7-unit multifamily investment opportunity in Des Moines, IA.
  • Located at 1427 5th Ave, 50314.
  • 6,360 sq ft, three-story building, built in 1906, renovated in 1980.
  • Priced at $300,000 ($47.17/sq ft, $42,857.14/unit).
  • Unit mix: four 2BR/1BA, two 1BR/1BA, one studio; pre-approved renovation plans enhance value.

Property Details for 1427 5Th Ave

Property type
Apartment buildings
Square Feet
6,360 SF
Class
D
Year Built/Renovated
1906/1980
Buildings
1
Stories
3
Units
7

Location Insight

City
Des Moines
County
Polk
State
Iowa
Latitude
41.6045642
Longitude
-93.6243508
1427 5Th Ave, Des Moines, Iowa
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1427 5Th Ave
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