Small Apartment Complex that is Perfect for NEW Investor!

810 Loomis Ave. Des Moines, IA 50315

810 Loomis Ave., Des Moines, IA, 50315
810 Loomis Ave., Des Moines, IA, 50315
FOR SALE Incentives
Property Type:
MultiFamily Apartments
Amount:
$525,000
Cap Rate:
8.00%
Last Verified:
Feb 13, 2018

These units are located one block East of the SW 9th St. corridor and Lincoln High School; with over $75,000 of capital improvements under current ownership and ability to increase rents immediately, this apartment complex offers an above average rate of return in the market!


Map of 810 Loomis Ave., Des Moines, IA, 50315

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.