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- LoopNet Team
516 28th St
Des Moines, IA 50312
Sears Place Apartments · Multifamily Property For Sale · 12 Units
Investment Highlights
- Value-Add Opportunity
- Abundance of parking
- ½ mile from I-235 & I-80/35
- Significant Rent Upside
- Beautiful Neighborhood Location
- Retail, Restaurants, Clinics, Banks & Grocers in immediate area
PROPERTY FACTS
| No. Units | 12 | Building Size | 5,632 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1917/2018 |
| Building Class | B | Parking Ratio | 3.95/1,000 SF |
| Lot Size | 0.56 AC |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.56 AC |
| Building Size | 5,632 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1917/2018 |
| Parking Ratio | 3.95/1,000 SF |
Site Amenities
- Laundry Facilities
About 516 28th St , Des Moines, IA 50312
Set your eyes on this Historic Charmer! CBRE|Hubbell Commercial, the exclusive advisor of the 12-unit property located at 516 28th Street in Des Moines, presents Sears Place---a rare opportunity to invest in a 12-Unit historic multi-family building located in the affluent & popular “The Avenues” district less than 5 minutes from downtown Des Moines. A few of the units have been remodeled, still leaving a TON of value-add potential, including a 13th unit with a private exterior entrance (not included in financials or rent roll). This property is situated on a huge (24,698 Sq. Ft.) site with an abundance of parking UNIQUE TO AREA. Sears Place Apartments presents the rare opportunity to own a historical asset with immediate value-add potential in a vibrant neighborhood. The best is yet to come with this historical beauty!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 528 |
PROPERTY TAXES
| Parcel Number | 090-06300000000 | Improvements Assessment | $506,000 |
| Land Assessment | $105,000 | Total Assessment | $611,000 |
PROPERTY TAXES
zoning
| Zoning Code | R-4 |
| R-4 |
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