2525 Grand Ave
Des Moines, IA 50312
Terrace Hill Apartments · Multifamily Property For Sale · 85 Units
PROPERTY FACTS
| No. Units | 85 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.20 AC |
| Construction Status | Converted |
| Building Size | 41,599 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1988/2024 |
| Parking Ratio | 1.11/1,000 SF |
| Corridor | Exterior |
ABOUT 2525 GRAND AVE , DES MOINES, IA 50312
CBRE|Hubbell Commerical is the exclusive advisor for the sale of Terrace Hill Apartments. This complex has a prime location between Ingersoll Avenue and Grand Avenue just minutes from downtown Des Moines. The property is comprised of all studios and a hand full of one bedroom units.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 85 | - | 600 |
PROPERTY TAXES
| Parcel Number | 030/00145-009-001 | Improvements Assessment | $1,646,000 |
| Land Assessment | $666,000 | Total Assessment | $2,312,000 |
ZONING
| Zoning Code | C-2 |
