Contacts

Chase Keller, CCIM

Better Commercial

Property Details

Property Type Multi-Family
Property Size 5,686 SF
Units 8
Lot Size 0.48 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 1971
Year Renovated 2024
Date Updated Dec 10, 2024

This Investment is located on Des Moines' East side near Gray's Woods and Copper Creek Golf Club. Conveniently right on University Ave, a major corridor through the metro, close to all amenities important to tenants. And commuting is easy being about 5 minutes to both Interstate 235 and Hwy 65. Less than 10 minutes to Downtown. Des Moines is a very stable real estate market compared to many other areas. With extremely low unemployment, growing jobs and population Des Moines offers a lot of long-term potential for investors. Iowa is one of the best states for landlord protections and is a friendly state to do business. Des Moines has been increasing in population and jobs as well because of the low cost of living, but the high standard of living. A vibrant gem in the heart of the prairie, Des Moines is named for the river that snakes through the city. This is Iowa's capital (and the county seat of Polk County), and it is filled with things to do. From concerts at the historic Salisbury House to the collections at Des Moines Art Center, and from the 81 miles of hiking and biking trails to the Greater Des Moines Botanical Gardens, Des Moines offers so much that it was named one of the top 10 cities in which to live by US News. Home to such companies as John Deere, Pioneer, Corteva, Meredith Corporation, Wells Fargo, Voya Financial, and Principal Financial Group, Des Moines is considered one of the nation's wealthiest cities. Greater Des Moines is vibrant, growing and experiencing tremendous momentum. Metrics such as gross domestic product growth, population growth and employment growth show DSM as one of the strongest metros in the Midwest. Greater Des Moines is home to many business successes and has received numerous accolades over the past several years. These recognitions include being named one of the top 10 best cities to live and work, one of the best cities for jobs, one of the top 10 places with the most job opportunities per capita and a top metro for economic development projects. Such accomplishments can be attributed to DSM’s talented workforce, impressive education ranking and strong business economy.

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Highlights

- 8 2/1 Units
- Built in 1971
- Prime location in the Des Moines area
- Attractive potential for income generation
- Diverse tenant base and strong rental demand
- Well-maintained and professionally managed
- Ample parking for tenant convenience
- Spacious greenspace and patio amenities

Getting around

26/100
Walk Score ®
24/100
Transit Score ®
27/100
Bike Score ®

Powered by Walk Score ®

City Des Moines, IA
Neighborhood Valley High Manor
Zip Code 50317
Market Des Moines

Points of Interest

Casey's General Store

1.11 miles
Git 'n Go

1.78 miles
QuikTrip

2.05 miles
Kum & Go

2.37 miles
Murphy USA

3.55 miles
ChargePoint Charging Station

4.05 miles
Tesla Supercharger

5.61 miles

University Parking Lot

0.46 miles
North Parking Lot

0.85 miles
Thrill Town

1.08 miles
Lot 24

3.15 miles
Lot 1

3.17 miles
Lot 25

3.17 miles
Lot 3A

3.21 miles
Lot 16

3.22 miles
Lot 3

3.24 miles
Lot 28

3.28 miles

Econo Lodge Inn & Suites

1.12 miles
Redwood Motel

1.90 miles
WoodSpring Suites Des Moines Pleasant Hill

2.12 miles
Sleep Inn

2.24 miles
Beacon Motel

2.50 miles
Broadway Motel

3.23 miles
Fairfield Inn & Suites Des Moines Altoona

3.86 miles
Hyatt Place Altoona / Des Moines

3.91 miles
AC Hotel Des Moines East Village

3.91 miles
Staybridge Suites Des Moines Downtown

4.03 miles

Hy-Vee

0.99 miles
ALDI

1.58 miles
Gordmans

1.86 miles
Tienda Mexicana

2.93 miles
La Tapatia Grocery

3.05 miles
Target

3.34 miles
Jung's Oriental Food Store

3.56 miles
El Palmino

3.64 miles
Walmart Supercenter

3.65 miles
Fareway

3.68 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.