Listed by KW Commercial Greater Des Moines
$750,000
405 N Davis St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,856
Units 16
Cap Rate 8.80%
NOI $66,008
Class C
Year Built 1970
Acreage 0.400
Zoning Residential
Multifamily | 16 Units
Marketing description
The KataLYST Team as part of KW Commercial is pleased to bring to market, the NestleWood Apartments located in Anamosa, IA.
These units consist of 16-1Bd apartments with boiler heat and inwall AC units. Over the years the previous owners have completed new windows, new siding, unit upgrades, and more! On-site washer and dryer available for tenant's use and only a few blocks away from the local grocery store and Main St.
This property is truly a trophy asset for a new owner!
Investment highlights
- The property features 16 one-bedroom units, providing consistent rental income.
- Recent upgrades include new windows, siding, and unit improvements.
- Conveniently located just a few blocks from grocery stores and Main Street.
- Situated in a strong employment area with major employers nearby.
- Offers a solid investment with a 8.09% Cap Rate and a price of $45,938 per unit.
Listing Contacts
Listed by KW Commercial Greater Des Moines
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,008.00
$5,500.67/mo
Valuation Metrics
0
DSCR
8.8%
Cap Rate
8.8%
ROI
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