1601 Army Post Rd

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1601 Army Post Rd

Des Moines, IA 50315
Asking Price
$2.30M
Cap Rate
8.07%
Asset Type
Mobile-home-park
Class
Class B

What's Special

25 Unit Stabilized Mobile Home Community + Commercial Shop in Des Moines IA | $185,524 NOI <ul><li>​<span style="color: rgba(0, 0, 0, 1)">Seller financing offered with down payment north of $1M - all terms will be considered from qualified buyers; we are assuming similar terms to bank debt</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">Two park-owned homes set to have renovations completed by close - potential to rent for $1,150 or sold for 75k</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">$1.15M+ invested in infrastructure and home impro

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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741

Location & Travel Times