2400 Hickman Rd | Des Moines, IA 50310
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- LoopNet Team
2400 Hickman Rd
Des Moines, IA 50310
The Grove at Hickman · Multifamily Property For Sale
·
203 Units
Investment Highlights
- 203-Unit Value-Add Opportunity
- One of the Nation’s strongest rent growth markets! Rent increases in submarket allow for immediate income growth for investor.
- Assumable Debt Available at 3.5% Interest
- Significant income growth through occupancy stabilization.
Property Facts
| No. Units | 203 | Building Size | 127,475 SF |
| Property Type | Multifamily | Average Occupancy | 66% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2022 |
| Building Class | C | Parking Ratio | 0.81/1,000 SF |
| Lot Size | 11.09 AC | ||
| Zoning | R-3 | ||
| No. Units | 203 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.09 AC |
| Building Size | 127,475 SF |
| Average Occupancy | 66% |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2022 |
| Parking Ratio | 0.81/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Playground
- Property Manager on Site
- Tenant Controlled HVAC
- Package Service
- Maintenance on site
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 118 | - | 500 - 575 |
| 2+1 | 85 | - | 720 |
Property Taxes
| Parcel Number | 080-05898003000 | Improvements Assessment | $8,310,000 |
| Land Assessment | $1,460,000 | Total Assessment | $9,770,000 |
Property Taxes
Parcel Number
080-05898003000
Land Assessment
$1,460,000
Improvements Assessment
$8,310,000
Total Assessment
$9,770,000
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