4001 E University Ave

For Sale

4001 E University Ave, Des Moines, IA 50317

This Des Moines property for sale is located at 4001 E University Ave. The current listed sale price for 4001 E University Ave is $640,000. 4001 E University Ave is situated on a lot that is 0.48 acre in size.

Contacts

broker

Chase Keller, CCIM

Better Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 5,686 SF
  • Units 8
  • Lot Size 0.48 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1971
  • Year Renovated 2024
  • Date Updated Nov 11, 2024
This Investment is located on Des Moines' East side near Gray's Woods and Copper Creek Golf Club. Conveniently right on University Ave, a major corridor through the metro, close to all amenities important to tenants. And commuting is easy being about 5 minutes to both Interstate 235 and Hwy 65. Less than 10 minutes to Downtown. Des Moines is a very stable real estate market compared to many other areas. With extremely low unemployment, growing jobs and population Des Moines offers a lot of long-term potential for investors. Iowa is one of the best states for landlord protections and is a friendly state to do business. Des Moines has been increasing in population and jobs as well because of the low cost of living, but the high standard of living. A vibrant gem in the heart of the prairie, Des Moines is named for the river that snakes through the city. This is Iowa's capital (and the county seat of Polk County), and it is filled with things to do. From concerts at the historic Salisbury House to the collections at Des Moines Art Center, and from the 81 miles of hiking and biking trails to the Greater Des Moines Botanical Gardens, Des Moines offers so much that it was named one of the top 10 cities in which to live by US News. Home to such companies as John Deere, Pioneer, Corteva, Meredith Corporation, Wells Fargo, Voya Financial, and Principal Financial Group, Des Moines is considered one of the nation's wealthiest cities. Greater Des Moines is vibrant, growing and experiencing tremendous momentum. Metrics such as gross domestic product growth, population growth and employment growth show DSM as one of the strongest metros in the Midwest. Greater Des Moines is home to many business successes and has received numerous accolades over the past several years. These recognitions include being named one of the top 10 best cities to live and work, one of the best cities for jobs, one of the top 10 places with the most job opportunities per capita and a top metro for economic development projects. Such accomplishments can be attributed to DSM’s talented workforce, impressive education ranking and strong business economy.

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Highlights

  • - 8 2/1 Units
  • - Built in 1971
  • - Prime location in the Des Moines area
  • - Attractive potential for income generation
  • - Diverse tenant base and strong rental demand
  • - Well-maintained and professionally managed
  • - Ample parking for tenant convenience
  • - Spacious greenspace and patio amenities

Getting around

  • 26/100

    Walk Score ®

  • 24/100

    Transit Score ®

  • 27/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Des Moines, IA
  • Neighborhood Valley High Manor
  • Zip Code 50317
  • Market Des Moines

Points of Interest

  • Casey's General Store

    1.11 miles

  • Git 'n Go

    1.78 miles

  • QuikTrip

    2.05 miles

  • Kum & Go

    2.37 miles

  • Murphy USA

    3.55 miles

  • ChargePoint Charging Station

    4.05 miles

  • Tesla Supercharger

    5.61 miles

  • University Parking Lot

    0.46 miles

  • North Parking Lot

    0.85 miles

  • Thrill Town

    1.08 miles

  • Lot 24

    3.15 miles

  • Lot 1

    3.17 miles

  • Lot 25

    3.17 miles

  • Lot 3A

    3.21 miles

  • Lot 16

    3.22 miles

  • Lot 3

    3.24 miles

  • Lot 28

    3.28 miles

  • Econo Lodge Inn & Suites

    1.12 miles

  • Redwood Motel

    1.90 miles

  • WoodSpring Suites Des Moines Pleasant Hill

    2.12 miles

  • Sleep Inn

    2.24 miles

  • Beacon Motel

    2.50 miles

  • Broadway Motel

    3.23 miles

  • Fairfield Inn & Suites Des Moines Altoona

    3.86 miles

  • Hyatt Place Altoona / Des Moines

    3.91 miles

  • AC Hotel Des Moines East Village

    3.91 miles

  • Staybridge Suites Des Moines Downtown

    4.03 miles

  • Hy-Vee

    0.99 miles

  • ALDI

    1.58 miles

  • Gordmans

    1.86 miles

  • Tienda Mexicana

    2.93 miles

  • La Tapatia Grocery

    3.05 miles

  • Target

    3.34 miles

  • Jung's Oriental Food Store

    3.56 miles

  • El Palmino

    3.64 miles

  • Walmart Supercenter

    3.65 miles

  • Fareway

    3.68 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Chase Keller, CCIM

Better Commercial