Apartment Buildings /IA /Polk County /Des Moines /1201 E Bell Ave
Apartment Buildings /IA /Polk County /Des Moines /1201 E Bell Ave

1201 E Bell Ave - Apartments FOR SALE


Des Moines, IA 50315- Indianola Hills | 
$2,795,000 USD
515-415-6131
1201 E Bell Ave, Des Moines, IA for Sale
$2,795,000 USD
Apartments - FOR SALE
1/18
null | 7.69% Cap Rate
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1201 E Bell Ave
Des Moines, IA 50315
Indianola Hills

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HIGHLIGHTS

  • Electric baseboard heat and sleeve A/C units
  • Individual water heaters
  • Asphalt shingled roof with vinyl siding and brick veneer
  • Common area laundry
  • Adequate surface parking and 8 detached garages

OVERVIEW

$2,795,000 7.69% cap rate Built in 1997 36 units 9-1BR/1BA; 18-2BR/1BA; 3-3BR/1BA; 6-3BR/2BA $865 average rent Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=OnhRfPlU15dKmroyxIlxP6470rh3DfQly7wI1LXH6RamhGVR7VLCHKeTr7JFrEe_

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

36

PRICE/UNIT

$77,639

CAP RATE

7.69%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bell Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1997

PARKING SPACES

8

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

R-3

APN/PARCEL ID

010-03810001002

ASK ABOUT THIS PROPERTY

Clark MatthewsCBREMore Info
515-415-6131

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Clark MatthewsCBREMore Info
515-415-6131

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