712-304-2030
4326 Hickman Rd, Des Moines, IA for Sale
Apartments - FOR SALE
1/33
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4326 Hickman Rd
Des Moines, IA 50310
Beaverdale


HIGHLIGHTS

  • One-of-a-Kind Asset
  • Affluent Resident Profile
  • Exceptional Walkability
  • Modern Architecture
  • Healthcare Convenience

OVERVIEW

CBRE is pleased to present the exclusive opportunity to acquire the 44 dsm, a premier 42-unit mixed-use community strategically located in Des Moines’ highly desirable Beaverdale neighborhood. Situated just 10 minutes from downtown Des Moines and 5 minutes from Drake University, Beaverdale is one of the city’s largest and most vibrant neighborhoods. Residents enjoy walkability to grocery, dining, shopping, and entertainment. Developed in 2018, the 44 dsm is a luxury, mixed-use community consisting of 36 meticulously designed apartment units, 6 spacious townhomes, and 16,901 SF of Class A medical office space fully occupied by MercyOne Clinic. MercyOne is a part of CommonSpirit Health, one of the largest health systems in the United States. The clinic provides essential primary care services to Beaverdale and the surrounding area. The apartment units feature an optimal mix of one- and two-bedroom layouts, each boasting a modern design, spacious interior, in-unit washer and dryer, and a private balcony. Residents benefit from underground heated parking, elevator access, well-appointed community rooms, and a convenient on-site leasing office. The expansive townhomes offer premium unit features, including an attached two-car garage, in-unit washer and dryer, private patio and balcony, dual full kitchens (one on each floor) and a private elevator/lift for ultimate convenience. The property is being offered unpriced on a free and clear basis, presenting an attractive acquisition opportunity for a Class-A asset in a high barrier-to entry location. Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=kM0ffoeGgIN4R5wWbEXpLeexYJyMQ1XUVpJ-tky0B0d1Q4wCEHJoHJ6iGotqD0Sw Address : 4326 Hickman Rd, Des Moines, IA 50310 Number of Units: 42 (36 apartments, 6 townhomes) Year Built: 2018 Unit Mix: 12-1BR/1BA; 24-2BR/2BA (apartments) and 6-2BR/2BA (townhomes) Average Unit Rent: $1,629 Average Unit SF: 939 (apartments) and 2,269 (townhomes) Commercial SF: 16,901 Heated, underground parking (apartments) 6 attached two-car garages (townhomes) In-unit washer and dryer Dual kitchens (townhomes) On-site leasing office Two community rooms

FOR SALE DETAILS

PRICE

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# OF UNITS

42

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

the 44 dsm

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.59 AC

LAND SF

112,688 SF

ZONING

-

APN/PARCEL ID

100/02043-500-000

ASK ABOUT THIS PROPERTY

712-304-2030

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712-304-2030

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