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2525 51st St
Des Moines, IA 50310

Multifamily Property For Sale · 2 Units

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Investment Highlights

Large 4 bed, 2 bath units - 2067sf each
Proforma Cash on Cash: 12.5%
1 Mile to Merle Hay Mall

Proforma CapRate - 8.9%
10 Minutes to Downtown

Executive Summary

This very unique Full Brick Duplex in located in a desirable residential neighborhood known as Beaverdale. With large 4 bed, 2 bath units, 2,067sf each side, with a garage and a large back yard, it's not going to be difficult keeping this building occupied with great tenants.
Units are currently occupied and on Month to Month leases, Currently under-rented with room for increased rents!
All utilities are separated and tenants are responsible. Tenants also take care of the lawn care and snow removal, making the management easy and the cashflow great.
Large 2 car garage, separate driveways for each tenant.

PROPERTY FACTS

Price Per Unit	$270,416 CAD	Lot Size	0.48 AC
Sale Type	Investment	Building Size	2,067 SF
Cap Rate	9.13%	Average Occupancy	100%
Gross Rent Multiplier	7.22	No. Stories	2
No. Units	2	Year Built	1950
Property Type	Multifamily Multifamily Apartments

Price Per Unit	$270,416 CAD
Sale Type	Investment
Cap Rate	9.13%
Gross Rent Multiplier	7.22
No. Units	2
Property Type	Multifamily Multifamily Apartments
Lot Size	0.48 AC
Building Size	2,067 SF
Average Occupancy	100%
No. Stories	2
Year Built	1950

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
4+2	2	$2,526 CAD	2,067

zoning

Zoning Code	N3B
N3B

Listing ID: 28508762
Date on Market: 2023-05-17
Last Updated:
Address: 2525 51st St, Des Moines, IA 50310

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