Nestled in the bustling heart of Des Moines, the Landmarc IV is a meticulously maintained seven-unit apartment community that has been a cherished home for residents since 1974. Boasting a highly coveted 72 Walk Score, this property caters to all the modern amenities that tenants crave. It’s no surprise that rents in the area have been on the rise, owing to the increasing demand in this fast-growing submarket. The Landmarc IV’s prime location is a key factor, as it’s in close proximity to major employers, popular restaurants, shopping centers, grocery stores, and an array of nightlife options along the vibrant Marine View Drive.

The Landmarc IV features six charming one-bedroom/one-bathroom units, each spanning an impressive 625 square feet, and a spacious two-bedroom/one-bathroom unit. Each dwelling boasts an airy living and dining room, a fully equipped kitchen with an oven/range and refrigerator, making it a perfect home for tenants seeking comfort and convenience.

For the first time in two decades, the Landmarc IV Apartments is available for purchase, offering a compelling investment opportunity to acquire a multifamily property with a strong return profile. An astute investor can take advantage of the significant rental upside potential by completing the interior renovations, stabilizing the property’s cap rate north of 7%. With an asking price of $1,315,000, the Landmarc IV Apartments presents an attractive prospect for a savvy investor to acquire a lucrative income-producing asset.