6920 SW 9TH ST Des Moines IA 50315-6561

CBRE is pleased to present the opportunity to acquire 9th Street Apartments, a well‑maintained 12‑unit multifamily community located in Des Moines, Iowa - one of the Midwest’s fastest‑growing metro areas.

9th Street Apartments offers a prime location along SW 9th Street, one of Des Moines’ main corridors. The community sits just minutes from the Des Moines International Airport, which is currently undergoing a $600 million expansion. Residents also enjoy being within walking distance of the popular Blank Park Zoo and only a short drive from major retailers such as Southridge Mall, Target, Hy‑Vee, Marshalls, Hobby Lobby, Menards, and more.

Address: 6920 SW 9th St, Des Moines, IA 50315

List Price: $745,000

Cap Rate: 7.40%

Number of Units: 12

Year Built: 1972

Unit Mix: All 2BR/1BA

Total Building SF: 8,064

Avg. In Place Rent: $770

Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=qzEu8xnx7mM6doLCef6laFgqamyVly5suiEFN0FGRUqqURtF2-f08I3zb9A3x-Hi

• New windows & boiler in 2019
• 9 of the 12 units have been remodeled