Investing in Multi-Family Units in Des Moines, IA

315 E. MCKINLEY AVE.
DES MOINES, IA

Situated in the capital of Iowa, with a population of over 900,000 people, McKinley Apartments offer the perfect blend of city and suburban living. Conveniently located near downtown Des Moines, the state capital, and the DSM International Airport, the property provides easy access to urban amenities while maintaining a residential atmosphere. The property features 48 units spread across two and three-story apartment buildings. Additionally, residents have access to eight buildings with 31 garages for their convenience.

With its high potential for return on investment, the property presents a promising opportunity. The property, built in 1993, offers significant potential for improvement. By implementing better management operations, interior renovations, parking lot repairs, and cost-saving initiatives, the property can see increased value. Other value-added strategies include implementing a utility bill-back system and capitalizing on existing operational inefficiencies. Renovations to units and common areas, along with the addition of a playground, can also help increase rent premiums.