910 S 5th Street, Carlisle, IA 50047
910 S 5th Street, Carlisle, IA 50047
910 S 5th Street, Carlisle, IA 50047
910 S 5th Street, Carlisle, IA 50047
910 S 5th Street, Carlisle, IA 50047
910 S 5th Street, Carlisle, IA 50047
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Kayla McCormick

Kayla McCormick

+1(515) 717-7680
$ 1,021,500
Est. payment | /mo

1.09 Acres Lot

Save
$ 1,021,500
Est. payment | /mo
Save

1.09 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 751949

HOA Y/N No

Year Built 1970

Annual Tax Amount $15,058

Lot Size 1.090 Acres

Acres 1.09

Property Description

SouthPark Apartments: a well-kept 16-unit building on 1.09 acres in Carlisle, minutes from Des Moines. The big-ticket items are done: a new 25-year roof (2025), new furnaces and central air with separately metered gas (2016), and replacement windows throughout. About $138,500 in documented improvements means you're buying income, not a project. The building has 14 two-bedroom and 2 one-bedroom units, and tenants pay their own gas and electric. Two on-site coin laundry rooms add income, and there's ample off-street parking. Tenancy is exceptionally stable, with a median stay of about six years, and occupancy has historically run above 90%. In-place rents sit well below comparable Carlisle properties, so there is clear upside with no renovation required, and most units are month-to-month. A strong fit for 1031 exchange, year-end, and portfolio investors. The full offering memorandum and financials are available with a signed NDA.

Location

State IA

County Warren

Area Carlisle

Zoning M

Interior

Heating Forced Air, Gas, Natural Gas

Cooling Central Air

Fireplace No

Appliance Dryer, Refrigerator, Stove

Exterior

Roof Type Asphalt,Shingle

Private Pool No

Building

Sewer Public Sewer

Water Public

Schools

School District Carlisle

Others

Tax ID 39140000460

Monthly Total Fees $1, 254

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

©2026 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by Realty ONE Group Impact

Nearby Locations

McCormick Real Estate Team

“Real estate is a big decision. We're here to make sure you understand what you’re doing, feel confident doing it, and have a little fun along the way.”

+1(515) 717-7680

billkayla@mccormickteam515.com

5550 Wild Rose Ln #400, West Des Moines, IA 50266, USA

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910 S 5th Street