CBRE is pleased to offer the opportunity to acquire 2525 & 2535 Clarkson Ave, a 34-unit apartment community strategically located in Des Moines, Iowa. Situated at the nexus of Douglas Avenue and MLK Jr Parkway, the property benefits from exceptional accessibility and proximity (under 10 minutes) to key retail, entertainment, and dining hubs including downtown Des Moines, Ingersoll Avenue, Beaverdale, and Merle Hay Mall. The location is also proximate to major employers such as Bridgestone-Firestone, Drake University, Broadlawns Medical Center, and the VA Central Iowa Health Care System. 2525 & 2535 Clarkson Ave boasts an attractive unit mix of studios, one- and two-bedroom apartments, with nearly all units recently renovated. Additional capital improvements include a new asphalt parking lot in 2025, new retaining walls, and updated landscaping. This offering presents investors with a compelling opportunity to acquire a stabilized property with immediate cash flow. List Price: $2,250,000 Cap Rate: 8.42% Year Built: 1975 Number of Units: 34 Renovated Units: Nearly all units fully renovated with unit entry doors, new cabinets, countertops, vanities, new appliances, LVP flooring, paint, plumbing and lighting fixtures, and blinds Unit Mix: 10-Studios / 4-1BR/1BA / 20-2BR/1BA Avg. Unit Rent: $780 + RUBS Heating: Electric baseboard (individually metered) Cooling: Sleeve A/C units Water Heater: 1 in Building 2535; Individual units in building 2525 Roof: Asphalt shingled Exterior Material: Vinyl Laundry: Common area laundry in each building (lease with Jetz) Parking: Adequate surface parking Appliances: Refrigerator, stove and dishwashers (in select units) Owner pays Gas—opportunity to implement RUBS Residents pay Electricity directly Residents pay Water/Sewer and Trash through RUBS RECENT CAPITAL IMPROVEMENTS: - Nearly all units fully renovated with new cabinets, countertops, vanities, new appliances, LVP flooring, paint, plumbing and lighting fixtures, and blinds - Parking lot overlay in Summer 2025 - Retaining walls, drain tile and swale - Nearly all individual hot water heaters have been replaced - High intensity exterior LED lighting - Steel, secured-entrance exterior doors with keypad - Unit entry doors - metal door and frame - Complete common area hallway and laundry room renovation (lights, paint, carpet) - Landscaping - All units have Gyp-Crete floors and sound channels between units for sound reduction Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=Sr12FKK_YFrNxV4i8xi5g5q6hxH8mYe72ooOupfhs3O2gG716-fTVdekUpUDUUvM