Lovington Apartments 4671 Northwest 50th Street

CBRE is pleased to present the opportunity to acquire Lovington Apartments, a 11-unit multifamily community located in Des Moines, Iowa. The property features all one bedroom / one bathroom units constructed in 1969 and fully renovated in 2025.

Over $170,000 in recent capital improvements
All units fully renovated
Brand-new septic system
Recently replaced three A/C units and one furnace
Residents pay electric and gas. Owner pays water, trash, and vacant unit utilities.


Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=CI3ic1-mR4troKIpb7ojX39FuEsWFU3i97JTBk50dcrNiduKL8-atkn4BniBzd7G


Address: 4671 NW 50th St, Des Moines, IA 50310
List Price: $775,000
Cap Rate: 8.29%
Year Built: 1969
Number of Units: 11
Unit Mix: All 1BR/1BA
Avg. In Place Rent: $805
Parking: Surface
Heating: Individual furnace
Cooling: Central A/C
Water Heater: Individual
Appliances: Fridge and range