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3537 Hubbell Ave
Property Description
Welcome to 3537 Hubbell Ave, Des Moines, IA, a thriving investment opportunity in the heart of the Des Moines area. This 11,646 SF Multifamily / Low-Rise/Garden property, built in 1979, comprises 12 generously sized units, each boasting approximately 925 square feet of living space. The property, nestled in mature timber, offers a tranquil setting and a truly unique living experience. With an enviable location at the intersection of Hubbell Ave and Euclid Ave, this property is ideally situated to attract tenants seeking convenience and comfort. The current base of tenants provides a solid foundation, and with a touch of TLC, light renovation, and cleanup, the potential to elevate rents to a modest $925-975 is within reach. Each unit features a large eat-in kitchen area, a private balcony or porch, and most units are equipped with spacious walk-in closets. The property's 100% occupancy rate reflects the high demand for its units, making it a compelling investment for those seeking long-term success. Don't miss this exceptional opportunity to capitalize on the untapped potential of this remarkable property.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $900,000 |
| No. of Units: | 12 |
| Average Occupancy: | 8.21 |
| Year Built: | 1979 |
| Lot Size: | 0.64 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $75,000 |
| Property Website | Click Here |
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