This converted duplex now houses eight one-bedroom apartments and has available off street parking. Notable Features: " Nonsmoking premises, including inside the apartments. " Excellent location for Drake University undergraduate and graduate / law students. " 2 huge first floor units with lots of woodwork, private 3 season porches, foyers, decorative fireplaces, eat in kitchens, central air. 4 cozy second floor units with baseboard electric heat. 2 popular third floor units with baseboard electric heat, sloped ceilings, built-ins, and a knotty pine cabin-like feel. " Recent upgrades include new furnace/central air units for apartments #1 & 5, new baseboard heating for other apartments, upgraded kitchens and baths in all units, building insulation, new retaining wall and sidewalk, new asphalt in parking lot, new mailboxes. " Landlord pays water & hot water/cooking gas, tenants pay electricity & heating gas In order to disrupt current residents as little as possible, this building will be shown to serious prospective buyers only with documentation indicating he/she is qualified to purchase / finance the property.
Turnkey rental property that is already rented at $850 per month, which produces a cap rate of 8.22%. This home has already had many upgrades completed and already has professional property management in place if desired. This home can be bought individually or as part of a portfolio with up to 38 other properties. Multiple Members of Selling LLC are Licensed Real Estate Agents and Brokers In the State of Iowa. Listing Agent is related to One Member of Selling LLC.
Size Upon Req.Price Upon Req.
Various parcel sizes are available for build-to-suit, ground lease or sale.
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.
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 the exclusive advisor for the sale of Summerplace Apartments in Des Moines, IA. The property consists of three- 3 story buildings and 38 garage units in the heart of South Des Moines. The complex has a great unit mix including Studios, one bedroom and two bedroom units. Each building has private entries with common hallways, through the wall A/C, storage closets, and coin operated laundry on the first level. The property offers walking paths between the buildings, has a pool and pool storage house, and permanent outdoor grills in the courtyard oasis! There is also an office onsite.
5 plex in River Bend neighborhood. There are 4 studios and one large 1BR. The building is 100% full. 3 of the 5 residents have lived there for more than a decade. The heating system, wiring, and water heater are all newer. The baths and kitchens are all newer. Residents pay their own heat & electricity. Landlord pays water and trash.