SOHO LOFTS
DOWNTOWN DSM
INVESTMENT PORTFOLIO
Investment Highlights
Property Type: Residential Units/Investment Portfolio
Units: 101, 102, 201, 203, 214, 301, 305 and 317
Garage Spaces: , 3, 5, 12, 13, 16, 17, 20, 25 and 29
Sale Price: $1.3M (opportunity to split the portfolio)
Opportunity to increase occupancy and rental rates
FOR SALE
Description
Nestled in historic East Village in Des Moines, Iowa, this investment portfolio includes 8 Unit Lofts and 10 Parking Spots. The area is surrounded by trendy shops, eateries, and live entertainment. Unique views, and fantastic walk-ability, stable long-term occupancy.
Property Highlights
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8 Units and 10 Parking Spaces
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Secure gated entry leads to enclosed shared courtyard
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Heated parking garage
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In-unit laundry, generous size bedrooms and walk-in closets
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10'-0" high ceilings
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One and two-bedroom units
Interior and Exterior Photos
Brokers/Agents
Location Overview
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Centered in the best location in Downtown Des Moines - the East Village
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Walkable and bikeable location
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A truly urban lifestyle and neighborhood featuring a vibrant and constantly growing base of dining, entertainment, shopping and nightlife options
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Healthy demand and favorable demographics in multifamily sector in Des Moines Metro (average rental rate $1.30 PSF)
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Easy access to the greater Des Moines area via I-235, located less than two miles from the property
