CBRE is pleased to offer an opportunity to acquire a portfolio of 85 single family rentals (SFR) and 4 duplexes all located within the Des Moines MSA. The portfolio is characterized by a blend of suburban charm and urban convenience. These neighborhoods feature tree-lined streets, historic homes, and vibrant community atmospheres. Residents enjoy easy access to local parks, boutique shops, and diverse dining options.
The portfolio experiences minimal vacancies
Each property averages nearly 1,300 SF
Unit mix includes (1) 1 bed/1 bath, (27) 2 bed/1 bath, (26) 3 bed/1 bath, (8) 3 bed/ 2 bath, (1) 3 bed/3 bath, (3) 4 bed, 1 bath, (15) 4 bed/2 bath, (1) 5 bed/1 bath, (5) 5 bed/2 bath, (2) 6 bed/2 bath
Majority of the properties feature detached garages
Residents are responsible for all utilities, lawn care, and snow removal
Several of the homes have below-market rents, allowing a new investor to increase rents organically in response to the rising demand for SFRs in the current interest rate environment
Business plan optionality for new ownership
Properties may be held in perpetuity for cash flow, or sold off via multiple disposition strategies as outlined below:
- Sell off in smaller clusters and 1031 proceeds into a condensed property
- Sell to existing tenants
- Sell individually
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=5DBhbhcFETelYQA2S_jx71R7xr6tvVr0x5le7Iqsp41qmBmk95gGOdbWv_2Z2pso
Please click here to view a map of the portfolio: https://www.google.com/maps/d/u/0/viewer?mid=1UfZy6rbJuFWMpw7UWRi11bD46ekicNk&ll=41.577992685524016%2C-93.60895624999999&z=12