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811 16th St
Des Moines, IA 50314 Sherman Hill

Price Upon Request

Apartments For Sale  •  7,973 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,973 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1915
  • Zoning R-HD
40 Transit Score
70 Walk Score

Highlights

True 5.01% Cap Rate – with room for increased returns through rent growth
Historic Character in a prime location with hardwood floors and original built-ins
10.2% Upside in Rents – offering a strategic value-add play in a desirable neighborhood

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Microwave
  • Tenant Controlled HVAC
  • Heating
  • Recycling
  • Trash Pickup - Curbside
  • Refrigerator
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Des Moines International 12 min - 5.2 mi