920 Meadow Lane

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920 Meadow Lane

Des Moines, IA 50315
Asking Price
$5.90M
Asset Type
Multifamily
Class
Class B

What's Special

New Multifamily Listing | 102 Units | 97% Occupied | Des Moines, IA | Near DSM Intl Airport <p>CBRE is pleased to present the opportunity to acquire Valley Acres Apartments, a 102-unit, value-add multifamily community located in Des Moines, Iowa—one of the Midwest’s fastest growing and most resilient metropolitan areas.</p><p></p><p>Valley Acres Apartments is strategically positioned just off SW 9th Street, a primary north–south arterial providing excellent connectivity throughout the metro while remaining situated within a stable residential neighborhood. The property is uniquely comp

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NOI
$80,000
Cap Rate
1.36%
DSCR
0.23
Underwater
Cash-on-Cash
-15.27%
Monthly Payment
$29,189.981
Annual Cash Flow
$-270,279.77

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