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658 18th Street
Des Moines, IA 50314-1046
Asking Price
$450K
Cap Rate
9.81%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 9.81% CAP | 6 Units <ul><li>Gross rent $4,935 - Fully occupied 6-plex in the heart of Sherman Hill with separate gas and electric meters for each unit</li><li>Property features a mix of unit layouts, multiple kitchens and baths, and a shared basement with on-site laundry</li><li>Classic structure with solid bones offering opportunity for future improvements over time</li><li>Well-located in one of Des Moines' most established neighborhoods with close proximity to downtown, Ingersoll, and major employers, suppor
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NOI
$80,000
Cap Rate
17.78%
DSCR
2.99
Strong
Cash-on-Cash
39.47%
Monthly Payment
$2,226.354
Annual Cash Flow
$53,283.746
