2400 Hickman Rd | Des Moines, IA 50310
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2400 Hickman Rd
Des Moines, IA 50310
The Grove at Hickman · Multifamily Property For Sale
·
203 Units
INVESTMENT HIGHLIGHTS
- 203-Unit Value-Add Opportunity
- One of the Nation’s strongest rent growth markets! Rent increases in submarket allow for immediate income growth for investor.
- Assumable Debt Available at 3.5% Interest
- Significant income growth through occupancy stabilization.
PROPERTY FACTS
| No. Units | 203 | Building Size | 127,475 SF |
| Property Type | Multifamily | Average Occupancy | 66% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2022 |
| Building Class | C | Parking Ratio | 0.81/1,000 SF |
| Lot Size | 11.09 AC | ||
| Zoning | R-3 | ||
| No. Units | 203 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.09 AC |
| Building Size | 127,475 SF |
| Average Occupancy | 66% |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2022 |
| Parking Ratio | 0.81/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- Playground
- Property Manager on Site
- Package Service
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 118 | - | 500 - 575 |
| 2+1 | 85 | - | 720 |
PROPERTY TAXES
| Parcel Number | 080-05898003000 | Improvements Assessment | $8,310,000 |
| Land Assessment | $1,460,000 | Total Assessment | $9,770,000 |
PROPERTY TAXES
Parcel Number
080-05898003000
Land Assessment
$1,460,000
Improvements Assessment
$8,310,000
Total Assessment
$9,770,000
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
