Jobs & Drawings (Deliverables) in New TIMESHEET system TIMESHEET Screens.
Multi-Family Portfolio · ZONING: R-3 MARKET Des Moines / Drake PORTFOLIO OVERVIEW ... • New...
Transcript of Multi-Family Portfolio · ZONING: R-3 MARKET Des Moines / Drake PORTFOLIO OVERVIEW ... • New...
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KW COMMERCIAL
4001 Westown Parkway
West Des Moines, IA 50266MATT SHAWAssociate0: 515.360.2247C: [email protected]
Multi-Family Portfolio
OFFERING MEMORANDUM
PRESENTED BY:
DES MOINES, IA
OFFERING MEMORANDUM
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PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
RENT ROLL
1PROPERTY INFORMATION1050 21ST ST DES MOINES, IA 50311
OFFERING MEMORANDUM
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Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
PROPERTY SUMMARY
PORTFOLIO ASKING PRICE: $1,390,000
NUMBER OF UNITS 4
AVERAGE PRICE/UNIT $57,917
CAP RATE: 10%
NOI (MONTHLY): $1,648
BUILDING SIZE: 2,965 SF
TYPE 2 Stories
ZONING: R-3
MARKET Des Moines / Drake
PORTFOLIO OVERVIEW
KW Commercial is proud to exclusively market for sale a portfolio ofMulti-Family properties with 4 buildings and a total of 24 units. 105021st St, 1333 22nd St, 1042 18th St and 3420 Oxford St. 3 buildingsare located in the Drake neighborhood and 1 in the Oak ParkNeighborhood.
PROPERTY HIGHLIGHTS FOR 1050 21ST ST
• Unit 1:
• New Carpet 2018
• New Paint 2018
• New Screens 2018
• Unit 2 & 3:
• New Carpet 2017
• New Paint 2017
• New Screens 2017
1050 21st St, Des Moines, IA 50311
PART OF A PORTFOLIO FOR SALE
![Page 4: Multi-Family Portfolio · ZONING: R-3 MARKET Des Moines / Drake PORTFOLIO OVERVIEW ... • New Screens 2018 • Unit 2 & 3: • New Carpet 2017 • New Paint 2017 • New Screens](https://reader034.fdocuments.us/reader034/viewer/2022042805/5f674039bc5b5e172113a054/html5/thumbnails/4.jpg)
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
UNIT
NUMBER
UNIT
BED
UNIT
BATH
CURRENT
RENT
1 2 1 $800
2 1 1 $650
3 3 1 $800
4
Garage
1 1 $600
$150
Totals/Averages $3,000
1050 21st St, Des Moines, IA 50311
RENT ROLL
![Page 5: Multi-Family Portfolio · ZONING: R-3 MARKET Des Moines / Drake PORTFOLIO OVERVIEW ... • New Screens 2018 • Unit 2 & 3: • New Carpet 2017 • New Paint 2017 • New Screens](https://reader034.fdocuments.us/reader034/viewer/2022042805/5f674039bc5b5e172113a054/html5/thumbnails/5.jpg)
PROPERTY INFORMATION
2 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
RENT ROLL
2PROPERTY INFORMATION1333 22ND ST DES MOINES, IA 50111
OFFERING MEMORANDUM
![Page 6: Multi-Family Portfolio · ZONING: R-3 MARKET Des Moines / Drake PORTFOLIO OVERVIEW ... • New Screens 2018 • Unit 2 & 3: • New Carpet 2017 • New Paint 2017 • New Screens](https://reader034.fdocuments.us/reader034/viewer/2022042805/5f674039bc5b5e172113a054/html5/thumbnails/6.jpg)
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
PROPERTY SUMMARY
PORTFOLIO ASKING PRICE: $1,390,000
NUMBER OF UNITS: 5
AVERAGE PRICE/UNIT $57,917
CAP RATE: 10%
NOI: $1,852
BUILDING SIZE: 2,574 SF
TYPE 2 Stories
ZONING: R-3
MARKET: Des Moines / Drake
PROPERTY OVERVIEWKW Commercial is proud to exclusively market for sale a portfolio ofMulti-Family properties with 4 buildings and a total of 24 units. 1050 21st St,1333 22nd St, 1042 18th St and 3420 Oxford St. 3 buildings are located inthe Drake neighborhood and 1 in the Oak Park Neighborhood.
PROPERTY HIGHLIGHTS• 1050 21st St:
• Unit 1:
• -New Carpet 2018
• -New Paint 201
• -New Screens 2018
• Unit 2 & 3:
• -New Carpet 2017
• -New Paint 2017
• -New Screens 2017
• Unit 4:
• Rental Payment From Des Moines Houseing
• 1333 22nd St:
• Unit 1:
• new
1333 22st St, Des Moines, IA 50311
PART OF A PORTFOLIO FOR SALE
![Page 7: Multi-Family Portfolio · ZONING: R-3 MARKET Des Moines / Drake PORTFOLIO OVERVIEW ... • New Screens 2018 • Unit 2 & 3: • New Carpet 2017 • New Paint 2017 • New Screens](https://reader034.fdocuments.us/reader034/viewer/2022042805/5f674039bc5b5e172113a054/html5/thumbnails/7.jpg)
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
UNIT
NUMBER
UNIT
BED
UNIT
BATH
CURRENT
RENT
1 1 1 $575
2 2 1 $620
3 2 1 $650
4
5
Laundry Income
3
2
1
1
$720
$600
$50
Totals/Averages $3,215
1333 22nd St, Des Moines, IA 50311
RENT ROLL
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PROPERTY INFORMATION
3 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
RENT ROLL
3PROPERTY INFORMATION1042 18TH ST DES MOINES, IA 50314
OFFERING MEMORANDUM
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Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
PROPERTY SUMMARY
PORTFOLIO ASKING PRICE: $1,390,000 / Portfolio
NUMBER OF UNITS: 9
AVERAGE PRICE/UNIT $52,500
CAP RATE: 10%
NOI (MONTHLY): $4,218
BUILDING SIZE: 6,747 SF
BUILDING TYPE: 3 Stories
ZONING: R-3
MARKET Des Moines / Drake
PROPERTY OVERVIEW
KW Commercial is proud to exclusively market for sale a portfolio ofMulti-Family properties with 4 buildings and a total of 24 units. 105021st St, 1333 22nd St, 1042 18th St and 3420 Oxford St. 3 buildingsare located in the Drake neighborhood and 1 in the Oak ParkNeighborhood.
PROPERTY HIGHLIGHTS
• New Flat roof in August 2017
• New deck & fire escape Oct 2018
• Paint & remodeling done in 4 units
• 2 new sets of coin laundry
1042 18th St, Des Moines, IA 50314
PART OF A PORTFOLIO FOR SALE
![Page 10: Multi-Family Portfolio · ZONING: R-3 MARKET Des Moines / Drake PORTFOLIO OVERVIEW ... • New Screens 2018 • Unit 2 & 3: • New Carpet 2017 • New Paint 2017 • New Screens](https://reader034.fdocuments.us/reader034/viewer/2022042805/5f674039bc5b5e172113a054/html5/thumbnails/10.jpg)
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
UNIT
NUMBER
UNIT
BED
UNIT
BATH
CURRENT
RENT
101
120
103
201
202
203
1
1
3
2
1
3
1
1
1
1
1
1
$630
$500
$895
$700
$500
$850
301 2 1 $700
302 1 1 $525
303
Coin Laundry
3 1 $895
$300
Totals/Averages $6,495
1042 18th St, Des Moines, IA 50314
PART OF A PORTFOLIO FOR SALE
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PROPERTY INFORMATION
4 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
RENT ROLL
FINANCIAL SUMMARY
FINANCIAL SUMMARY
DEMOGRAPHICS MAP & REPORT
4PROPERTY INFORMATION3420 OXFORD ST DES MOINES, IA 50313
OFFERING MEMORANDUM
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Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
PROPERTY SUMMARY
PORTFOLIO ASKING PRICE: $1,390,000
NUMBER OF UNITS: 6
AVERAGE PRICE/UNIT $57,917
CAP RATE: 10%
NOI: $2,925
BUILDING SIZE: 3,354 SF
TYPE 2 Stories
ZONING: R-3
MARKET: Des Moines
PROPERTY OVERVIEW
KW Commercial is proud to exclusively market for sale a portfolio ofMulti-Family properties with 4 buildings and a total of 24 units. 105021st St, 1333 22nd St, 1042 18th St and 3420 Oxford St. 3 buildingsare located in the Drake neighborhood and 1 in the Oak ParkNeighborhood.
PROPERTY HIGHLIGHTS• 2 Sets of coin laundry.
3420 Oxford St, Des Moines, IA 50313
PART OF A PORTFOLIO FOR SALE
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Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
UNIT
NUMBER
UNIT
BED
UNIT
BATH
CURRENT
RENT
1 2 1 $695
2 3 1 $800
3 2 1 $695
4
5
6
Laundry Income
3
2
2
1
1
1
$750
$650
$650
$100
Totals/Averages $4,340
3420 Oxford St, Des Moines, IA 50313
PART OF A PORTFOLIO FOR SALE
![Page 14: Multi-Family Portfolio · ZONING: R-3 MARKET Des Moines / Drake PORTFOLIO OVERVIEW ... • New Screens 2018 • Unit 2 & 3: • New Carpet 2017 • New Paint 2017 • New Screens](https://reader034.fdocuments.us/reader034/viewer/2022042805/5f674039bc5b5e172113a054/html5/thumbnails/14.jpg)
Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
INCOME
1050 21ST ST 1333 22ND ST 1042 18TH ST 3420 OXFORD ST PORTFOLIO
Unit 1 $800 $575 $630 $695
Unit 2 $650 $620 $500 $800
Unit 3 $800 $650 $895 $695
Unit 4 $600 $720 $700 $750
Unit 5 $600 $500 $650
Unit 6 $850 $650
Unit 7 $700
Unit 8 $525
Unit 9 $895
Monthly Rent $3,000 $3,165 $6,195 $4,240 $16,600
Garage $150
Laundry Income $300 $100
Less Vacancy $148 $158 $310 $212 $828
MONTHLY INCOME $3,002 $3,007 $6,185 $4,128 $16,322
ANNUAL INCOME $36,024 $36,084 $74,220 $49,536 $195,864
FINANCIAL SUMMEY
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Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
OPERATING EXPENSES
1050 21ST ST 1333 22ND ST 1042 18TH ST 3420 OXFORD ST PORTFOLIO
Property Taxes $302 $364 $505 $230 $1,401
Insurance $121 $85 $200 $120 $526
Electric (Budget Billing) $142 $306 $149 $196 $793
Water (Average) $145 $145
Internet $45 $45
Lawn & Snow (Average) $100 $100 $100 $100 $400
Maintenance (Average) $100 $100 $100 $100 $400
Management (5%) $147 $158 $311 $215 $831
MONTHLY OPERATINGEXPENSE $912 $1,258 $1,410 $961 $4,541
ANNUAL OPERATINGEXPENSE $10,944 $15,096 $16,920 $11,532 $54,492
NOI $25,080 $20,988 $57,300 $38,004 $141,372
Principal Reduction (yr 1)
1050 21st St, Des Moines, IA 50311
FINANCIAL SUMMARY
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Each Office Independently Owned and Operated kwcommercial.com
KW COMMERCIAL4001 Westown ParkwayWest Des Moines, IA 50266
Licensed in IOWA to sell Real Estate.
MATT SHAWAssociate0: 515.360.2247C: [email protected]
POPULATION 1 MILE 2 MILES 3 MILES
Total population 17,927 53,776 99,314
Median age 27.3 31.0 33.5
Median age (Male) 29.1 31.4 33.1
Median age (Female) 26.6 31.5 34.5
HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES
Total households 7,272 22,548 41,821
# of persons per HH 2.5 2.4 2.4
Average HH income $38,205 $49,027 $57,262
Average house value $177,029 $198,753 $166,437
* Demographic data derived from 2010 US Census
PART OF A PORTFOLIO FOR SALE