Listed by KW Commercial Greater Des Moines
$950,000
2411 Welbeck Road, Des Moines, IA
Details
APN 080/07168-042-002
Property Type Multifamily
Square Footage 8,784
Units 12
Cap Rate 5.51%
NOI $52,341
Price per SqFt $108
Year Built 1968
Stories 3
Lot Size (SqFt) 11,833
Zoning N3A
This 12-unit multifamily property consists of all 2Bd/1Ba units that are fully renovated and positio
Marketing description
The KataLYST Team, as part of KW Commercial Realty, is pleased to market for sale 2411 Wellbeck Road, Des Moines, Iowa. This 12-unit multifamily property consists of all 2Bd/1Ba units that are fully renovated and positioned to deliver stable income with upside potential. With Residential Utility Bill-Back (RUBS) in place, above-market rents, and professional management on site, the asset presents an attractive opportunity for both seasoned and first-time investors.
Notably, the seller is open to creative financing options, including owner financing, making this an even more compelling acquisition in today’s high-rate environment.
Investment highlights
- Major Capital Improvements Completed – property fully renovated, minimizing near-term capital expense.
- Owner Financing Available – sellers willing to consider creative deal structures to lower barriers to entry.
- Market Barriers to Entry – limited supply of quality renovated product in Des Moines submarket.
- Professional Management in Place – stabilized operations with above-average market rents
Listing Contacts
Listed by KW Commercial Greater Des Moines
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,341.00
$4,361.75/mo
Valuation Metrics
0
DSCR
5.51%
Cap Rate
5.51%
ROI
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