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3205 Kingman Blvd
Des Moines, IA 50311
Kingman Apartments · Multifamily Property For Sale
·
17 Units
PROPERTY FACTS
| No. Units | 17 | Building Size | 11,368 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 0.97/1,000 SF |
| Lot Size | 0.86 AC | ||
| Zoning | R-3 | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 11,368 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Package Service
- Maintenance on site
- Public Transportation
- Smoke Detector
ABOUT 3205 KINGMAN BLVD , DES MOINES, IA 50311
CBRE|Hubbell Commercial is the exclusive advisor for the multifamily sale of the Kingman Blvd Apartments located at 3205 Kingman Boulevard in Des Moines, Iowa. This investment opportunity is perfect for an investor looking for immediate cashflow with the ability and upside to increase rents with minimal improvements. There are fifteen spacious units of which fourteen are two-bedroom/one-bathroom units and one very large efficiency/one-bathroom unit. Each unit has an identical efficient floor plan allowing for smoother management and maintenance operations. Comparable rents in the neighborhood are 10-15% higher allowing for steady increases. The subject property is located in the central Drake University area of Des Moines and Is just four blocks south of campus. The centralized location provides for easy commute throughout the metro and is less than a five minute drive to the downtown central business district. The property is just two blocks north of the 31st Street exit of Interstate-235 and only one block away from a Dart Transportation bus stop.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 500 - 1,000 |
PROPERTY TAXES
| Parcel Number | 090-04497001000 | Improvements Assessment | $873,000 |
| Land Assessment | $113,000 | Total Assessment | $986,000 |
PROPERTY TAXES
