Silhouette Apartments 3720 57th St 48 Unit Apartment Building $3,700,000 ($77,083/Unit) Des Moines, IA 50310
INVESTMENT HIGHLIGHTS
- Located near Merle Hay Mall
- Opportunity to implement RUBS
- Strong submarket fundamentals with persistent sub-5% vacancy
- Long term ownership of 15 years
- Convenient access to Interstate 80/35
- Des Moines-West Des Moines was recently ranked “#1 U.S. Metro for Young Professionals to Live” by Forbes
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale Silhouette Apartments, a 48-unit multifamily community along with the neighboring single-family rental for a total of 49 units. The property consists of 24 one bedroom units, 24 two bedroom units, and a two bedroom single-family rental.
PROPERTY FACTS
| Price | $3,700,000 |
| Price Per Unit | $77,083 |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.51 AC |
| Building Size | 35,760 SF |
| No. Stories | 3 |
| Year Built | 1975 |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 630 |
| 2+1 | 24 | - | 750 |
1 of 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 100/12390-000-000 | Improvements Assessment | $2,932,000 |
| Land Assessment | $348,000 | Total Assessment | $3,280,000 |
ZONING
| Zoning Code | C-2 |
