4221 13Th St Des Moines, IA 50315
- Commercial real estate
- 14,256 SF
- 0.65 lot acres
Current Use by Public Records
- Kevin's apartment complex / Apartment Complex
Property Details for 4221 13Th St
- Year built
- 1971
- Lot size
- 0.65 lot acres
- Property size
- 14,256 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- POLK
- State
- Iowa
- Longitude
- -93.59801637493
- Latitude
- 41.545909059542
