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842 16th Street
Des Moines, IA 75110-7830
Asking Price
$325K
Cap Rate
8.6%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 8.60% CAP | 4 Units <p></p><ul><li>Building Size: 3,070 SF</li><li>Lot Size: 0.115</li><li>Number of Units: 4</li><li>Unit Type: 1BR/1BA</li><li>In-place Cap Rate: 8.60%</li><li>Year Built: 1893</li><li>Zoning: R-3</li><li>Market: Sherman Hill Neighborhood</li><li>In-unit washers/dryers</li><li>Tenants Pay Electricity/Gas</li><li>Full kitchenettes</li><li>Hardwood flooring</li><li>Full tub/shower bathrooms</li><li>Fireplaces</li><li>Built-in bookshelves</li><li>Large bedrooms</li><li>Large windows
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NOI
$80,000
Cap Rate
24.62%
DSCR
4.15
Strong
Cash-on-Cash
62.26%
Monthly Payment
$1,607.923
Annual Cash Flow
$60,704.928
