Apartment Buildings /IA /Polk County /Des Moines /3720 57th St
Apartment Buildings /IA /Polk County /Des Moines /3720 57th St

3720 57th St - Apartments FOR SALE


Des Moines, IA 50310- Merle Hay | 
$3,700,000 USD
712-304-2149
3720 57th St, Des Moines, IA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/13
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3720 57th St
Des Moines, IA 50310
Merle Hay

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HIGHLIGHTS

  • Located near Merle Hay Mall
  • Long term ownership of 15 years
  • Opportunity to implement RUBS
  • Convenient access to Interstate 80/35
  • Strong submarket fundamentals with persistent sub-5% vacancy
  • Des Moines-West Des Moines was recently ranked “#1 U.S. Metro for Young Professionals to Live” by Forbes

OVERVIEW

CBRE is pleased to offer for sale Silhouette Apartments, a 48-unit multifamily community along with the neighboring single-family rental for a total of 49 units. The property consists of 24 one bedroom units, 24 two bedroom units, and a two bedroom single-family rental.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

48

PRICE/UNIT

$77,083

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silhouette Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

C-2

APN/PARCEL ID

100-12390000000

ASK ABOUT THIS PROPERTY

Cy FoxCBREMore Info
712-304-2149

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Cy FoxCBREMore Info
712-304-2149

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