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1441 Capitol Ave
Des Moines, IA 50316
Capitol View Apartments · Multifamily Property For Sale
·
24 Units
PROPERTY FACTS
| No. Units | 24 | Building Size | 15,204 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.3/1,000 SF |
| Lot Size | 0.54 AC | ||
| Zoning | R-4 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 15,204 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
ABOUT 1441 CAPITOL AVE , DES MOINES, IA 50316
CBRE|Hubbell Commercial is pleased to offer for sale Capitol View Apartments, a 24 unit apartment community located at 1441 Capitol Avenue in Des Moines, Iowa. Capitol View is located in the heart of Des Moines, just east of the Iowa State Capitol and less than a mile east of the vibrant East Village neighborhood with more than 90 shops, restaurants and entertainment destinations. In addition, Capitol View is less than two miles east of the center of Downtown Des Moines. Current average rent is $50-$75 under market in comparison to rent comps within a one mile radius of the subject property. Strong value-add potential exists through continuation of unit upgrades and common area enhancements. The property has been under the same ownership for 16 years.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 16 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 040-05072001000 | Improvements Assessment | $1,143,000 |
| Land Assessment | $197,000 | Total Assessment | $1,340,000 |
PROPERTY TAXES
