Listed by NAI Iowa Realty Commercial - Des Moines
$630,000
4004 University Avenue
Details
APN 09001840000000
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 5,716
Units 8
Tenancy Multi
Year Built 1979
Acreage 0.490
Zoning NX2 Neighborhood Mix District
Investment Type Value Add
4004 University Avenue, Des Moines, IA 50311
Marketing description
Located along vibrant University Avenue, this 8-unit apartment building delivers dependable income in one of Des Moines' most sought-after rental pockets. Just minutes from Drake University, Roosevelt High School, and the nearby Hy-Vee grocery, the property attracts long-term tenants seeking convenience and walkability. The building includes 7 two-bedroom units at $950/month and 1 one-bedroom at $850/month. With strong neighborhood demand and proximity to education, shopping, and transit, this asset is positioned for solid performance.
Investment highlights
- Near Drake U, Roosevelt High School
- Walkable Grocery & Restaurants
- Nearby Public Transportation
- Higher Rent Potential
- NX2 Neighborhood Mix District
Listing Contacts
Listed by NAI Iowa Realty Commercial - Des Moines
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