Clarkson Apartments — Sale in Des Moines, IA
- Price: $2.7M
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Des Moines, IA 50310
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Description
45 Units For Sale in Des Moines, IA CBRE is pleased to offer the opportunity to acquire Clarkson Apartments, a 45-unit apartment community in a highly accessible Des Moines, Iowa location. Clarkson Apartments offers an attractive blend of one- and two-bedroom units, with all units already renovated, minimizing immediate capital expenditure. Recent property enhancements include a new asphalt parking lot, newer boilers and hot water heaters, newer windows, and new roof on Building C in 2026. This offering provides investors with an immediate cash flow opportunity and the ability to further enhance returns through strategic value-add initiatives, specifically the conversion of the former leasing office into a rentable unit and the implementation of a gas utility reimbursement program. Address: 2519 Clarkson Ave, Des Moines, IA 50310 List Price: $2,655,000 Cap Rate: 9.02% Year Built: 1972 Number of Units: 45 Renovated Units: All units have been renovated with LVP flooring, carpet, paint, appliances, painted or replaced cabinets, resurfaced countertops, new light fixtures, and new door hardware throughout Unit Mix: 32-1BR/1BA; 13-2BR/1BA Total Building SF: 27,360 Avg. Unit Rent: $794
Market Context
This multifamily in Des Moines, IA is listed for sale at $2,655,000. Compare it against other multifamily listings for sale in Des Moines, IA — view the full market.
Contact
- Ray Hamilton · 515 415 6111 · ray.hamilton@cbre.com
- Clark Matthews · 515 415 6131 · clark.matthews@cbre.com
- Cy Fox · 515 415 6109 · cy.fox@cbre.com
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