NEWS
54 Units with Major Upgrades and in Close Proximity to Urban Core!
The KataLYST Team as part of KW Commercial is proud to offer exclusively for sale these units located on the major south corridor of the central business district in Des Moines, IA. With small improvements to income coupled with efficiencies in expense management, this property has the potential to perform at a 6.77% Cap rate or better within 12-18 months!
Address: 810 Payton Ave.
City & State: Des Moines, IA
Current Price: $3,780,000
Lot Size: 2.3 Acres
Cap Rate: 6.77%
Year Built: 1973
Documents:
| Offering Memorandum | 2020 Financials | 2019 Financials |
| T 12 | Rent Roll 6-3-21 | Rental Cert |
100% UPGRADED HOUSE + MULTIFAMILY
That KataLYST Team as part of KW Commercial is pleased to market for sale this package of a 2018 built single-family residence and a completely upgraded six-plex!
Address: 1117-1119 3rd St. SW
City & State: Cedar Rapids, IA
Price: $595,000
Lot Size: 0.33 Acres
Cap Rate: 8.24%
Year Built: 2018
Historical Fourplex + Converted Duplex!
The KataLYST Team as part of KW Commercial is pleased to bring to market these two properties consisting of six units! A historical fourplex coupled with an updated converted duplex on the same parcel!
Address: 345 17th St. SE
City & State: Cedar Rapids, IA
Price: $250,000
Lot Size: 0.273 Acres
Cap Rate: 6.6%
Documents:
| OM Final | Financial Report |
Cash-Flowing 12plex in Rural Iowa!
The KataLYST Team as part of KW Commercial is proud to bring to market this 12plex in Ottumwa, IA. This property is perfect for the new investor to step into a cash-flowing asset with the ability to raise rents marginally all while having management in-place!
Address: 1406 Albia Rd.
City & State: Ottumwa, IA
Price: $420,000
Lot Size: 0.38 Acres
Cap Rate: 9.5%
Year Built: 1981
Documents:
| PL Sept 2021 | Rent Roll 11-03-21 | OM Final |
808 Bancroft St, Des Moines IA
The KataLYST Team as part of KW Commercial is pleased to bring to market these 21 one-bedroom units just outside of downtown Des Moines with many improvements made with new ownership such as concrete parking lot, walk-ways, tiled bathrooms, new vanities, granite counter-tops, and more. This investment offers a chance to generate income immediately while capitalizing on the growth of downtown Des Moines!
Address: 808 Bancroft St
City & State: Des Moines, IA
Current Price: $1,150,000
Lot Size: 0.582 Acres
Cap Rate: 7.27%
Year Renovated: 2016
Documents:
| OM Final | 2020 Taxes | Rent Roll |
104 S Oak St
The KataLYST Team as part of KW Commercial is please to market exclusively for sale this converted 6-plex located in Donnellson, IA. Five of the units are in rent-ready condition with the sixth offering value-add opportunities!
Address: 611 16th St.
City & State: Des Moines, IA
Price: $1,100,000
Lot Size: 0.340 Acres
Cap Rate: 4.11%
Documents:
| Rent Roll 2022 | OM Final |
4221 SE 13th St
The KataLYST Team as part of KW Commercial is pleased to market exclusively for sale the Southview Apartments consisting of 24-1Bd/1Ba units with average rents 4% below the market-rate and a RUB’s system partially in-place.
Address: 4221 SE 13th St
City & State: Des Moines, IA
Current Price: $1,500,000
Lot Size: .65 Acres
Cap Rate: 6.61%
Year Built: 1971
Documents:
| Rent Roll 2020 | Rent Roll 2021 | Rent Roll 2022 |