4221 SE 13Th St Des Moines, IA 50315

This Des Moines investment opportunity presents a 24-unit apartment building, ideally situated on a 0.65-acre lot at 4221 SE 13th Street, zip code 50315. The property, known as South View, is a two-story, Class C building constructed in 1971, encompassing 14,256 square feet. All 24 units are one-bedroom, one-bathroom apartments, catering to consistent rental demand. The property benefits from two dedicated parking lots, eliminating the need for street parking. Currently priced at $1,450,000, this translates to a price per unit of $60,416.67. The property is zoned C-2 and offers significant potential for increased returns, as current rents are 4% below market value. This presents a compelling opportunity to acquire a stable, income-generating asset with room for growth. The building's location provides convenient access to public transportation. This is a solid addition to any investment portfolio.