811 16th Street, Des Moines, IA 50314
$850,000
- MLS# 731192
- Bedrooms 13
- Bathrooms 9
- Total Sq.ft 5,689
- Property Type Multi-Family
- Basement PartiallyFinished
- Year Built N/A
Property Description
The KataLYST Team by KW Commercial is proud to
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.
Legal: EX S 101.6F- LTS 4 & 5 BLK 2 DAVIES 2ND ADDITION
Legal: EX S 101.6F- LTS 4 & 5 BLK 2 DAVIES 2ND ADDITION
Active
Property Information
Features
Utilities
LISTED BY
Keller Williams Realty GDM, Jared Husmann (515.350.4846)
Property Location
Request Info For MLS #731192
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