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4004 University Avenue
Des Moines, IA 50311
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
4004 University Avenue, Des Moines, IA 50311 <ul><li>Near Drake U, Roosevelt High School</li><li>Walkable Grocery & Restaurants</li><li>Nearby Public Transportation</li><li>Higher Rent Potential</li><li>NX2 Neighborhood Mix District</li><li>The building includes 7 two‑bedroom units at $950/month</li><li>1 one-bedroom at $850/month.</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
