Clarkson Apartments — Sale in Des Moines, IA

  • Price: $2.7M
  • Listing type: For sale
  • Asset type: Business
  • Location: Des Moines, IA 50310

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 commercial property in Des Moines, IA is listed for sale at $2,655,000. It has been on the market for 13 days. Compare it against other commercial property listings for sale in Des Moines, IA — view the full market.

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