430 Grand Avenue
Des Moines, IA 50309 ·
150 Units · Multifamily For Sale
Elsie Mason Manor
|Price||N/A||Property Sub-type||Government Subsidized|
|No. Units||150||Property Use Type||Investment|
|Building Size||131,000 SF||Cap Rate||9%|
|Listing ID: 16838028||Date Created: 09/16/2010||Last Updated: 11/17/2010|
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.
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