3909 Hubbell Avenue

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3909 Hubbell Avenue

Des Moines, IA 50317
Asking Price
$9.25M
Cap Rate
6.21%
Asset Type
Multifamily
Class
Class B

What's Special

Cypress I & II | 2 Properties | 108 Units | Proven Value-Add w/ Upside | Des Moines, IA <ul><li>​Rare opportunity to acquire two adjacent assets, enabling operational efficiencies, leasing synergies, and streamlined on-site management.</li><li>​Late-1970s construction with efficient, workforce-oriented layouts ideally suited for cost-effective interior upgrades and long-term hold strategies.</li><li>​One- and two-bedroom units (~430-860 SF) designed for functionality and affordability, capturing the most liquid segment of renter demand.</li><li>​Current occupancy exceeds 96%, signi

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NOI
$80,000
Cap Rate
0.86%
DSCR
0.15
Underwater
Cash-on-Cash
-16.91%
Monthly Payment
$45,763.953
Annual Cash Flow
$-469,167.436

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