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421 College Avenue
Des Moines, IA 50314
Asking Price
$1.68M
Cap Rate
8%
Asset Type
Apartment Building Retail
Class
Class B
What's Special
Contemporary upgrades in a cherished neighborhood <h3>Investment Highlights</h3><ul><li><strong>Contemporary Interior Design</strong> – Well-maintained units featuring modern finishes, open layouts, and attractive living spaces that appeal to today's renters.</li><li><strong>Premium Unit Features</strong> – Granite countertops, stainless steel appliances, and spacious walk-in closets provide an upscale resident experience and support strong tenant retention.</li><li><strong>Updated Appliance Package</strong> – Major appliances have been repl
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NOI
$80,000
Cap Rate
4.78%
DSCR
0.80
Underwater
Cash-on-Cash
-3.87%
Monthly Payment
$8,286.986
Annual Cash Flow
$-19,443.833
