Strong rental history with room to increase rents. Electric HVAC (Wall-Mount Units) and low landlord utilities. New vinyl siding, New Roof, New Downspouts & Scuppers. Most units and all common area recently carpet replaced.
The Willow Park Apartments is a 300 unit property consisting of 10 apartment buildings with 30 units in each building. There are a total of 72 one bedroom units, 228 two bedroom units and 124 garages. The property was built in 1976 and 1977. The owner has owned the property for 15 years. The buildings have attractive 3 story above ground designs. The property also includes land for another 60 units. Some of the features include attractive floor plans, air conditioning, walk-in closets (2BR's), large living room, dining room (most units), garbage disposal, electric stove, refrigerator, dishwasher, cable ready, blinds, patios or decks, laundry facilities on each floor, controlled access, exercise room,sauna, business center, community room, playground, picnic area, swimming pool, tennis courts, basketball courts and volleyball court. The tenants pay all their electric including their electric heat, water, trash, and gas for hot water. The property has received $3,384,480 in capital improvements in the last 15 years.
The property is a charming three story apartment complex perfectly situated in an accessible and mature residential neighborhood close to Jensen Elementary and Hoover High School. The units are very well maintained and have RUBS in place. Some of the finishes are dated, but still in amazing condition for their age. 11 of the 29 units have new AC units in the last two years. Onsite laundry, private parking, fenced front yard, and easy access to anywhere in the metro are just a few of the amenities the property offers.
CBRE/Hubbell Commercial is the exclusive advisor for the sale of The Euclid Condominiums and single family home in Des Moines, IA. The 3-story, 10-unit building is located inthe redeveloping Highland Park Neighborhood. The studio style units with plenty of storage are almost always full. The units have also been converted to residential condominiums, lowering the taxes by an estimated 48%. The two bedroom single family home is located immediately west of the Condominiums.
CBRE/Hubbell Commercial is exclusive advisor for the sale of Dove Apartments 90 units are situated on two adjacent parcels in Des Moines, Iowa. 75% of the units have new vinyl and carpet. 33% have new counter tops and shower stalls.
Great investment and income opportunity. Recently remodeled 4-plex near Drake with 2 two-bedroom units and 2 one-bedroom units. Tenants pay their own heat and electricity and landlord provides water and trash. Gross potential income of $2300/month with an opportunity to increase with next rental cycle.
CBRE|Hubbell Commercial is exclusive advisor for the sale of Wedgewood Apartments, located at 2555 Wedgewood in Des Moines, Iowa. The ownership has enhanced the property over the last 12 month through capital improvements and has started to increase rents. In addition the poroperty is now classified as a cooperative receiving a 48% roll back on property taxes.