Description
Offered exclusively by The KataLYST Team of KW Commercial , River’s Run Apartments is a premier 36-unit asset featuring 2Bd/1Ba residences. Each unit is fully renovated with standout interior design, commanding above-average rents and lease terms. This meticulously updated property is projected to deliver a 5-year ROI of 9.3% and a pro-forma cap rate of 8.54%, with opportunities for creative financing. Don’t miss your chance to invest in a high-performing asset in one of Des Moines’ most dynamic markets. Contact us today to learn more!
Details
Address: 1805 Arlington Ave
City & State: Des Moines, IA
Current Price: $2,400,000
Total Rentable SF: 24,300 SF
Price / Unit: $66,667
Pro-Forma CAP Rate: 7.21%
Year Built: 1968
Property Highlights
- Creative Financing Options Available!
- Offer at Completed Renovation Pricing!
- Above Market Rents Achieved through Interior Design and Renovations!