1805 Arlington Ave - Apartments FOR SALE


Des Moines, IA 50314- River Bend
$2,400,000 USD
515-334-4900
1805 Arlington Ave, Des Moines, IA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/6
null | 7.21% Cap Rate

1805 Arlington Ave
Des Moines, IA 50314
River Bend


HIGHLIGHTS

  • Creative Financing Options Available!
  • Offered at Completed Renovation Pricing!
  • Above Market Rents Achieved through Interior Design and Renovations!

OVERVIEW

Offered exclusively by The KataLYST Team of KW Commercial, River ' s Run Apartments is a premier 36-unit asset featuring 2Bd/1Ba residences. Each unit is fully renovated with standout interior design, commanding above- average rents and lease terms. This meticulously updated property is projected to deliver a 5-year ROI of 9.3% and a pro-forma cap rate of 8.54%, with opportunities for creative financing. Don’t miss your chance to invest in a high-performing asset in one of Des Moines’ most dynamic markets. Contact us today to learn more!

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$63 USD /SF

# OF UNITS

36

PRICE/UNIT

$66,667

CAP RATE

7.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rivers Run

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

36

LAND DETAILS

LAND ACRES

2.34 AC

LAND SF

101,930 SF

ZONING

R-3

APN/PARCEL ID

080-05094000000

ASK ABOUT THIS PROPERTY

Jared HusmannThe KataLYST TeamMore Info
515-334-4900

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Jared HusmannThe KataLYST TeamMore Info
515-334-4900

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