Seventh Street Brownstones
New Listing | 29 Townhomes | 2013 Built | 100% Occupied | Downtown Des Moines, Iowa
Marketing description
- 325 SW 7th St, Des Moines, IA
- 29 Townhomes
- 2013 Built
- 1,559 SF Avg. Unit Size
- $2,053 Avg. Leased Rent
- 100% Occupied
- 29 Attached Two-Car Garages
- Private rooftops with wet bars and skyline views
- Owned by the original developer
- Best-in-class rental alternative to downtown homeownership
- Walkable, irreplaceable downtown location
Investment highlights
CBRE is pleased to offer for sale Seventh Street Brownstones, a 29-unit townhome community located at 325 SW 7th Street in Downtown Des Moines, Iowa. Completed in 2013, the property
represents a rare opportunity to acquire a boutique portfolio of modern townhomes intentionally
designed and finished to for sale standards, offering investors multiple exit strategies including
selling units individually or continued operation as a stabilized rental community.
Seventh Street Brownstones features 29 three bedroom / two-and-a-half-bathroom residences
averaging 1,559 square feet, each with two car attached garages and private rooftop patios, a highly
differentiated amenity set that closely aligns with urban homebuyer preferences. The property’s
uniform unit mix, efficient layouts, and premium finishes position it favorably for a streamlined
and repeatable individual sales execution. Importantly, recent individual unit sales ranging from
$300,000 to $365,900 demonstrates established buyer demand and validates the property’s
embedded individual value premium.
Located in the heart of Downtown Des Moines, the property is steps from the Historic Court District,
Downtown Farmer’s Market, and the metro’s primary employment and entertainment nodes, providing a true urban ownership lifestyle with limited competitive supply. With strong in place rental income, minimal near term capital requirements, and proven for sale liquidity, Seventh Street Brownstones offers investors downside protection through cash flow while preserving significant upside by selling units individually.
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=DcZCGlC5aof1gtFvyyof-QsQzzl6jYqBD1gooVTiLeaE0NY6NWm4bH3DNYozYsYv
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