Hi everyone, I’m looking for a capital partner for a 5-unit multifamily property in Des Moines, IA (4-plex + detached single-family). This is a cash-flowing property with value-add potential near the Iowa State Fairgrounds. Key Details: - Purchase Price: $220,000 - Gross Rent: $3,750/month - Current Expenses: ~$18,000/year - NOI: ~$27,000/year - Upside: Raise below-market rents, pass utilities to tenants, light cosmetic renovations. This property is fully leased, high occupancy, and already generating cash flow. Looking for a partner to help close quickly and maximize returns. If interested feel free to reach out. I'd love to partner up with somebody on this.