8717 Urbandale Ave

For Sale

8717 Urbandale Ave, Urbandale, IA 50322

This Urbandale property for sale is located at 8717 Urbandale Ave. The current listed sale price for 8717 Urbandale Ave is $300,000. 8717 Urbandale Ave is situated on a lot that is 0.58 acre in size.

Contacts

broker

Chase Keller, CCIM

Better Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 2,744 SF
  • Units 4
  • Lot Size 0.58 Acre
  • Additional Rent Contact for pricing
  • Year Built 1914
  • Date Updated Oct 9, 2024
This 4-plex is located in a wonderful residential neighborhood backing up to $400,000+ homes. In the heart of desirable Urbandale, IA. Just off of 86th St, this property is very close to lots of restaurants, retail, entertainment, grocery, etc. Everything a tenant will need. 2 miles to all Interstates 80, 35, and 235. 12 minutes to both Downtown and Jordan Creek. 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.Rare 4-plex in a great neighborhood in the heart of Urbandale. Property has newer roof, windows and updated interiors. 5 stall garage, lots of parking and lot of open greenspace gives the tenants space to enjoy the property without feeling cramped in an apartment. Property consists of three 1 Bed, 1 Bath units and one studio. Coin-Op Laundry in basement common area. Great Value-Add components to this property with bumping up rents to market levels.

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Highlights

  • 4-Plex Opportunity with some Value Add
  • Proforma NOI: $23,466
  • CapRate: 7.82%
  • Desirable Urbandale Location

Attachments

Getting around

  • 53/100

    Walk Score ®

  • 39/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Urbandale, IA
  • Neighborhood Urbandale
  • Zip Code 50322
  • Market Des Moines

Points of Interest

  • Kum & Go

    1.08 miles

  • Kum and Go

    1.91 miles

  • Casey's General Store

    2.02 miles

  • Valley West BP

    2.07 miles

  • Sam's Club

    2.11 miles

  • Kwik Star

    2.12 miles

  • Git N Go

    2.29 miles

  • Ashworth Plaza

    3.70 miles

  • Tesla Supercharger

    3.81 miles

  • ChargePoint Charging Station

    6.33 miles

  • Von Maur Parking

    1.66 miles

  • Sophomore Lot

    1.94 miles

  • Windsor Place Parking

    2.28 miles

  • Mercy West Lakes Parking

    3.08 miles

  • Trestle to Trestle Trail Parking

    3.81 miles

  • Lot 29

    4.31 miles

  • Lot 27

    4.34 miles

  • Lot 26

    4.36 miles

  • Lot 25

    4.40 miles

  • Lot 33

    4.42 miles

  • Motel Relax

    0.97 miles

  • Econo Lodge Urbandale

    1.51 miles

  • Clive Hotel

    1.67 miles

  • Hickman Motor Lodge

    1.74 miles

  • Extended Stay America

    1.77 miles

  • Hotel Renovo

    1.81 miles

  • Sleep Inn

    1.87 miles

  • Fairfield Inn & Suites Des Moines Urbandale

    1.89 miles

  • Microtel Inn & Suites by Wyndham Urbandale/Des Moines

    1.90 miles

  • Holiday Inn Express & Suites Urbandale

    1.91 miles

  • ALDI

    0.53 miles

  • Hy-Vee

    0.55 miles

  • Natural Grocers

    0.58 miles

  • The Looney Bin Store

    1.41 miles

  • Fareway

    1.44 miles

  • Fresh Thyme

    1.62 miles

  • Kohl's

    1.64 miles

  • TJ Maxx

    1.68 miles

  • Target

    1.73 miles

  • JCPenney

    1.78 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