The KataLYST Team is pleased to market exclusively for sale this value-add multifamily located on the NW side of Des Moines, IA. Consisting of 10-1Bd units, an additional home, and being offered at a true 7.95% Cap rate.
Address: 125 NW Aurora Ave
City & State: Des Moines, IA
Current Price: $475,000
Lot Size: 0.95 Acres
Cap Rate: 7.95%
Year Built: 1948
| Rent Roll 2021-22 | Appraisal Report | Polk Co. Assessor | Pro Forma | Offering Memorandum |
1103 Broadway St. in Webster City, IA is a value-add opportunity with deferred maintenance. This property offers 5 bedrooms and 2 bathrooms, ready for renovation. With potential for upgrades and improvements, it presents an ideal chance to increase its value. Conveniently located in a desirable neighborhood, seize this opportunity to transform 1103 Broadway St. into a profitable investment.
Address: 1103 Broadway St
City & State: Webster City, IA
Current Price: $140,000
Lot Size: 10,230 SF
Cap Rate: 13.77
Year Built: 1950
| Rent Roll 05-03-2023 | Offering Memorandum |
522 Division St., in Webster City offers a premier location on Highway 20, providing easy access to US20 and I-80. The city features affordable city-owned electric services and is home to ten leading employers, including Vantec, Seneca Foundry, Van Diest Medical Center, and Mertz Engineering. Don’t miss out on this prime investment opportunity in a thriving and well-connected community!
Address: 522 Division St
City & State: Webster City, IA
Current Price: $125,000
Lot Size: 8,580 SF
Cap Rate: 8.42
Year Built: 1887
| Rent Roll 05-03-2023 | Offering Memorandum |
620 Park Ave., Webster City is a highly desirable property boasting four 620 Park Ave., Webster City is a highly desirable property boasting four spacious apartments, each offering two bedrooms and one bathroom. This remarkable location provides five single-car garage spaces complete with convenient overhead storage.
Encompassing a blend of comfort and functionality, the property showcases two outdoor covered patios. Furthermore, this property has a history of attracting reliable long-term tenants, ensuring a stable and prosperous investment.
The utilities in this property are metered, allowing for an efficient and equitable distribution of costs among tenants. This feature adds to the hassle-free experience for both landlords and tenants alike.
Address: 620 Park Ave
City & State: Webster City, IA
Current Price: $225,000
Lot Size: 15,360 SF
Cap Rate: 10.2
Year Built: 1978
| Rent Roll 05-03-2023 | Offering Memorandum |
This investment property is a two-story gem featuring four bedrooms and two bathrooms. With a well-kept interior, a large driveway, and a detached garage, it offers ample parking and storage space. The fenced-in backyard adds privacy and a desirable outdoor area.
Address: 1705 River St
City & State: Webster City, IA
Current Price: $85,000
Lot Size: 10,230
Cap Rate: 8.71
Year Built: 1950
| Rent Roll 05-03-2023 | Offering Memorandum |
