Description

The KataLYST Team, as part of KW Commercial Realty, is pleased to market for sale 2411 Welbeck Road, Des Moines, Iowa. This 12-unit multifamily property consists of all 2Bd/1Ba units that are fully renovated and positioned to deliver stable income with upside potential. With Residential Utility Bill-Back (RUBS) in place, above-market rents, and professional management on site, the asset presents an attractive opportunity for both seasoned and first-time investors.

Notably, the seller is open to creative financing options, including owner financing, making this an even more compelling acquisition in today’s high-rate environment.

Details

Address: 2411 Welbeck Rd.
City & State: Des Moines, IA
Current Price: $950,000
Building SF: 8,784 SF
Price / SF: $108.15
CAP Rate: 5.51%
Year Built: 1968