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2411 WELBECK RD
DES MOINES, IA 50310
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B
What's Special
This 12-unit multifamily property consists of all 2Bd/1Ba units that are fully renovated and positio <ul><li>Major Capital Improvements Completed – property fully renovated, minimizing near-term capital expense.</li><li>Owner Financing Available – sellers willing to consider creative deal structures to lower barriers to entry.</li><li>Market Barriers to Entry – limited supply of quality renovated product in Des Moines submarket.</li><li>Professional Management in Place – stabilized operations with above-average market rents</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
