$14,800,000 USD
515-631-5033
100-112 5th Ave NW
Altoona, IA 50009
Outer SE Des Moines N
HIGHLIGHTS
- Twenty-year ownership track record with 96% trailing-ten-year occupancy and 97.9% current occupancy (July 2026).
- Documented Value-Add Playbook: 49 remodeled units, 95 units remaining, plus upgradable green space represent a clear runway to drive revenue.
- The Des Moines Metro Area is the Mid-West's #1 fastest growing major metro area since 2020.
- Altoona is one of Greater Des Moines' fastest growing suburbs: 17.5% population growth since 2020.
FOR SALE DETAILS
PRICE
$14,800,000 USD
PRICE/SF
$120 USD /SF
# OF UNITS
144
PRICE/UNIT
$102,778
CAP RATE
6.99%
% LEASED
98%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bridlewood Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1978
PARKING SPACES
296
LAND DETAILS
LAND ACRES
8.24 AC
LAND SF
358,791 SF
ZONING
R-3
APN/PARCEL ID
171-00460501002,171-00460502000,171-00460575000
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515-631-5033
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515-631-5033
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