Description
The KataLYST Team at KW Commercial is pleased to exclusively present 3274 Euclid Avenue, a meticulously maintained eight-unit multifamily investment located on a highly visible corner lot directly across from McDonald’s at a signalized intersection and adjacent to a bus stop.
Under the same ownership for more than 20 years, the property showcases exceptional pride of ownership with numerous capital improvements, including updated windows, renovated interiors, luxury vinyl plank flooring, modern cabinetry, updated appliances, electrical panels, and a newer roof. Each unit features individual exterior entrances, electric baseboard heat, and in-unit wall A/C, minimizing common area expenses and simplifying management. Built with durability in mind and offering above-market rental performance driven by its strong location and quality condition, this turnkey asset presents an outstanding opportunity for investors seeking stable cash flow, minimal deferred maintenance, and an attractive 7.15% cap rate.
Details
Address: 3274 E. Euclid Ave.
City & State: Des Moines, IA 50317
Current Price: $769,000
Building SF: 5,568 SF
Year Built: 1977
Property Highlights
- The property showcases exceptional pride of ownership with numerous capital improvements
- Each unit features individual exterior entrances, electric baseboard heat, and in-unit wall A/C, minimizing common area expenses and simplifying management.
- Built with durability in mind and offering above-market rental performance driven by its strong location and quality condition
- Outstanding opportunity for investors seeking stable cash flow, minimal deferred maintenance, and an attractive 7.15% cap rate.











