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Silhouette Apartments 3720 57th St

48 Unit Block of Flats £2,942,580 (£61,304/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 £2,942,580 Apartment Style Low Rise
Price Per Unit £61,304 Building Class C
Sale Type Investment Lot Size 1.51 AC
No. Units 48 Building Size 35,760 SF
Property Type Multifamily Number of Floors 3
Property Subtype Apartment Year Built 1975
Price £2,942,580
Price Per Unit £61,304
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
Number of Floors 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

LINKS

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Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 100/12390-000-000 Improvements Assessment £2,331,796
Land Assessment £276,762 Total Assessment £2,608,557

PROPERTY TAXES

Parcel Number
100/12390-000-000
Land Assessment
£276,762
Improvements Assessment
£2,331,796
Total Assessment
£2,608,557

ZONING

Zoning Code C-2
C-2
(712) 304-2149

CONTACTS

  • Listing ID: 34097565

  • Date on Market: 05/12/2024

  • Last Updated:

  • Address: 3720 57th St, Des Moines, IA 50310

The Merle Hay Multifamily Property at 3720 57th St, Des Moines, IA 50310 is currently available. Contact CBRE for more information.

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Silhouette Apartments | 3720 57th St
(712) 304-2149 x

Silhouette Apartments | 3720 57th St

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Cy Fox

(712) 304-2149

(712) 304-2149

Ray Hamilton

(515) 415-6111

(515) 415-6111

Clark Matthews

(515) 415-6131

(515) 415-6131

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