$525,000 USD
515-415-6131
2525 Lincoln Ave
Des Moines, IA 50310
Martin-Hickman
OVERVIEW
2525 Lincoln Ave, Des Moines, IA 50310
$525,000
7.84% Cap Rate
8 Units
All 2BR/1BA
Built in 1965
Electric baseboard heat
Sleeve A/C units
Landlord pays water, sewer, trash, and common area utilities. Tenant pays electricity within their unit
Common area laundry room on the second floor with one washer and one dryer
FOR SALE DETAILS
PRICE
$525,000 USD
PRICE/SF
$97 USD /SF
# OF UNITS
8
PRICE/UNIT
$65,625
CAP RATE
7.84%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cedarview Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1965
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.5 AC
LAND SF
21,780 SF
ZONING
R-3
APN/PARCEL ID
080-05900000000
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515-415-6131
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515-415-6131
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