Lovington Apartments — Sale in Des Moines, IA

  • Price: $725K
  • Listing type: For sale
  • Asset type: Business
  • Location: Des Moines, IA 50310

Description

Lovington Apartments | 11 Units | Des Moines, IA CBRE is pleased to present the opportunity to acquire Lovington Apartments, a 11-unit multifamily community located in Des Moines, Iowa. The property features all one bedroom / one bathroom units constructed in 1969 and fully renovated in 2025. Over $170,000 in recent capital improvements All units fully renovated Brand-new septic system Recently replaced three A/C units and one furnace Residents pay electric and gas. Owner pays water, trash, and vacant unit utilities. Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=CI3ic1-mR4troKIpb7ojX39FuEsWFU3i97JTBk50dcrNiduKL8-atkn4BniBzd7G Address: 4671 NW 50th St, Des Moines, IA 50310 List Price: $725,000 Cap Rate: 9.08% Year Built: 1969 Number of Units: 11 Unit Mix: All 1BR/1BA Avg. In Place Rent: $805 Parking: Surface Heating: Individual furnace Cooling: Central A/C Water Heater: Individual Appliances: Fridge and range

Market Context

This commercial property in Des Moines, IA is listed for sale at $725,000. It has been on the market for 13 days. Compare it against other commercial property listings for sale in Des Moines, IA — view the full market.

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