Iowa Multifamily Deal · Multifamily Strategy Community

Iowa Multifamily Deal

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.

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