Description
The KataLYST Team is pleased to market exclusively for sale these 11-Units which consist of 10-1Bd units which feature zeroentry, in-unit washer and dryer, and are fully remodeled. With an additional house on the North that consists of 3Bd and an attached garage. This property has been completely renovated over the last year with over $250,000+ in capital improvements! With low maintenance and common area costs, this property offers turnkey abilities for an investor!
Details
Address: 125 NW Aurora Ave
City & State: Des Moines, IA
Current Price: $850,000
Building Size: 8,232 SF
Lot Size: 0.95 Acres
Cap Rate: 8.14%
Year Built: 1948
Property Highlights
- The property includes 11 fully remodeled units, each with in-unit washer and dryer, and zero-entry access
- A major renovation was completed last year with over $250,000 in capital improvements
- Situated on a spacious 0.95-acre lot with a total building size of 8,232 SF
- Strong investment potential with an 8.14% CAP Rate and a price per unit of $77,272
- Located in a desirable area, just one block from the 2nd Ave corridor in the Highland Park neighborhood