BaStone Apartments
35-Unit Multifamily Investment Opportunity | Des Moines, Iowa
Marketing description
CBRE is pleased to offer for sale BaStone Apartments in Des Moines, Iowa. This 35-unit property consists of 4 buildings and is located less than two miles south of the Des Moines CBD, and offers convenient access to transportation, restaurants and entertainment options. The location offers excellent potential for stable apartment occupancy, thanks to its proximity to major employment hubs in downtown Des Moines.
Investment highlights
New Offering Price: $2,100,000
Offering Price Per Unit: $60,000
35 Units (34 I BR/I BA & 1 1.5BR/I BA)
94.29% Occupied
Square Footage: 14,336 SF (Four 3,584 SF Buildings)
Actual T12 NOI: $173,309
CAP Rate: 8.36%
Gross Potential Rent: $325,200
Strong Occupancy History
Value Add Opportunity
For more information, visit our property website: https://www.cbredealflow.com/handler/modern.aspx?pv=NGG-oS6HdB57_w5wDxWJaYhAPxL9itzPoB3qI-IUKR-iJQ1Dg0xuTczqRNlyxOHvRp8Hv417Qzo0G3ucocNk8Q
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
