Historical Multifamily Sale Listing - Elsie Mason Manor

Multifamily For Sale

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Elsie Mason Manor

430 Grand Avenue, Des Moines, IA 50309

N/A

150 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
150
Building Size:
131,000 SF
Property Type:
Multifamily
Property Sub-type:
Government Subsidized
Property Use Type:
Investment
Cap Rate:
9%
Listing ID
16838028
Last Updated
over 1 year ago

Description

This 16-story 131,000 SF square foot apartment building was constructed in 1981 and includes air rights above church-owned property housing 150 unit HUD Project that serves restricted income and disabled residents.

Note: Buyer Brokers must be paid by Buyer

Located at 413 5th Avenue, Des Moines, this building is situated in the heart of Iowa' s largest City and Des Moines' Central Business District. Zoning for the subject property is C-3, Central Business Commercial District. This CBD is a major employment district for the CBSA, Core Base Statistical Area which includes the following counties: Polk, Dallas, Warren, Guthrie and Madison. Population for the CBSA is estimated to be over 550,000.

Map of 430 Grand Avenue, Des Moines, IA 50309 (Polk County)

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