13 Beds
9 Baths
5,689 SqFt
13 Beds
9 Baths
5,689 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,689 sqft
Price per Sqft $149
MLS Listing ID 731192
Bedrooms 13
Full Baths 9
HOA Y/N No
Annual Tax Amount $10,540
Tax Year 2024
Lot Size 6,403 Sqft
Acres 0.147
Property Description
exclusively present 811 16th St. in Des Moines, IA;
a well-maintained, historic property in the highly
sought-after Sherman Hill neighborhood. Featuring
timeless charm with real hardwood floors, original
built-ins, and solid craftsmanship, this asset offers
both aesthetic appeal and strong fundamentals.
Currently operating at a true 5.01% cap rate, the
property presents a compelling value-add
opportunity with projected rental upside of 10.2% as
market rents continue to strengthen. Ideal for
investors looking for a stable return with long-term
growth potential.
Location
State IA
County Polk
Area Downtown
Zoning NX2A
Rooms
Basement Partially Finished
Interior
Heating Natural Gas, Radiant
Cooling Window Unit(s)
Fireplace No
Appliance Cooktop, Dryer, Dishwasher, Refrigerator, Washer
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Rubber
Private Pool No
Building
Foundation Brick/Mortar
Water Public
Schools
School District Des Moines Independent
Others
HOA Fee Include Insurance,Maintenance Grounds,Snow Removal,Taxes,Trash,Utilities
Tax ID 030/01050-001-000
Monthly Total Fees $878
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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