2519 Clarkson AveDes Moines, IA 50310

For Sale
$2,695,000

45-Unit Multifamily Property, Des Moines, IA

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a 45-unit apartment building located at 2519 Clarkson Ave, Des Moines, IA, 50310. The property, a Class B multifamily complex, boasts a total of 27,360 square feet across three, two-story buildings. Originally constructed in 1972 and extensively renovated in 2024, this property offers a compelling blend of established infrastructure and modern upgrades. The unit mix comprises 32 one-bedroom, one-bathroom units and 13 two-bedroom, one-bathroom units. Significantly, over 90% of the units have undergone a comprehensive renovation, featuring new LVP flooring, fresh carpeting, updated paint, modern appliances, refreshed or replaced cabinetry, resurfaced countertops, new light fixtures, and new door hardware. The asking price is $2,695,000, translating to $98.50 per square foot and $59,888.89 per unit. This property represents a strong value proposition in the Des Moines, Polk County market. The extensive renovations ensure high occupancy rates and strong rental income potential. This is a turnkey investment ready for immediate cash flow.

Highlights

  • 2519 Clarkson Ave, Des Moines, IA 50310.
  • $2,695,000 asking price.
  • 45-unit Class B multifamily property.
  • 32 one-bedroom/one-bathroom units and 13 two-bedroom/one-bathroom units.
  • Over 90% of units renovated with new LVP flooring, carpeting, paint, appliances, cabinetry, countertops, light fixtures, and door hardware.

Property Details for 2519 Clarkson Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
27,360 SF
Class
B
Year Built/Renovated
1972/2024
Buildings
3
Stories
2
Units
45

Location Insight

City
Des Moines
County
Polk
State
Iowa
Latitude
41.629615843053
Longitude
-93.652488015503
2519 Clarkson Ave, Des Moines, Iowa

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2519 Clarkson Ave
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