2127 Indianola Ave - Apartments FOR SALE


Des Moines, IA 50315- Indianola Hills
$2,250,000 USD
515-249-8355
2127 Indianola Ave, Des Moines, IA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/4
null | 7.75% Cap Rate

2127 Indianola Ave
Des Moines, IA 50315
Indianola Hills


HIGHLIGHTS

  • Value Add Opportunity
  • Two surface parking lots
  • Common area coin-operated laundry
  • Occupancy: 97.14%

OVERVIEW

CBRE is pleased to offer for sale BaStone Apartments in Des Moines, Iowa. This 35-unit property consists of 4 buildings and is located less than two miles south of the Des Moines CBD, and offers convenient access to transportation, restaurants and entertainment options. The location offers excellent potential for stable apartment occupancy, thanks to its proximity to major employment hubs in downtown Des Moines.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

35

PRICE/UNIT

$64,286

CAP RATE

7.75%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BaStone Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C-1

APN/PARCEL ID

010-01096001000

ASK ABOUT THIS PROPERTY

Max ColbyCBREMore Info
515-249-8355

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Max ColbyCBREMore Info
515-249-8355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.