712-304-2149
810 Payton Ave, Des Moines, IA for Sale
Apartments - FOR SALE
1/15
null | Request Cap Rate

810 Payton Ave
Des Moines, IA 50315
Fort Des Moines


HIGHLIGHTS

  • Significant Upside Potential
  • Attractive Basis of $55K/Unit
  • 54 Units
  • 4-Studio; 26-1BR/BA; 24-2BR/1BA

OVERVIEW

CBRE is pleased to offer for sale Southern Park Apartments, an 54-unit multifamily community strategically located in Des Moines’ Greater South Side. The property consists of 4 studio units, 26 one bedroom units, and 24 two bedroom units. Southern Park Apartments enjoys close proximity to the Des Moines International Airport and Southridge Mall, a shopping center anchored by Target with outlots including major retailers like Hy-Vee, Petco, and Hobby Lobby. Address: 810 Payton Ave, Des Moines, IA 50315 Year Built: 1973 Number of Units: 54 Unit Mix: 4-Studio; 26-1BR/BA; 24-2BR/1BA Number of Garages: 15 Parking: Surface Net Rentable SF: 38,350 Avg. Unit Size: 710 SF Number of Residential Buildings: 2 Parcel Size: 2.31 acres

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

54

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southern Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,624 SF

ZONING

R1-60

APN/PARCEL ID

120-05365003000

ASK ABOUT THIS PROPERTY

Cy FoxCBREMore Info
712-304-2149

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Cy FoxCBREMore Info
712-304-2149

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