6305 NW 59TH CT

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6305 NW 59TH CT

JOHNSTON, IA 50131-1534
Asking Price
$415K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Johnston, Iowa
  • Asset priced at four hundred fifteen thousand dollars
  • Property situated within a growing suburban community
  • Strategically positioned near Des Moines metropolitan employers
  • Suitable for investors targeting long-term rental income

What's Special

This multifamily apartment building is positioned in the growing community of Johnston, Iowa. Offering a central location for residential tenants, the property serves as a functional addition to the local housing stock within this expanding suburb of the Des Moines metropolitan area. The regional economy benefits from a stable workforce and proximity to major regional transit routes, supporting consistent demand for rental housing in Johnston. Investors may find this asset suitable for long-term hold strategies or as a component of a diversified suburban portfolio. Given the current configuration of the multifamily unit, it provides a stable environment for residents seeking access to the amenities and employment opportunities available across the greater Des Moines region. This market continues to attract interest due to its balanced cost of living and sustained population growth.

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NOI
$80,000
Cap Rate
19.28%
DSCR
3.25
Strong
Cash-on-Cash
44.47%
Monthly Payment
$2,053.194
Annual Cash Flow
$55,361.677

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