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Investment Highlights
- 100% Occupied
- Private rooftops with wet bars and skyline views
- 29 Attached Two-Car Garages
- Best-in-class rental alternative to downtown homeownership
Executive Summary
CBRE is pleased to offer for sale Seventh Street Brownstones, a 29-unit townhome community located at 325 SW 7th Street in Downtown Des Moines, Iowa. Completed in 2013, the property represents a rare opportunity to acquire a boutique portfolio of modern townhomes intentionally designed and finished to for sale standards, offering investors multiple exit strategies including selling units individually or continued operation as a stabilized rental community.
Seventh Street Brownstones features 29 three bedroom / two-and-a-half-bathroom residences averaging 1,559 square feet, each with two car attached garages and private rooftop patios, a highly differentiated amenity set that closely aligns with urban homebuyer preferences. The property’s uniform unit mix, efficient layouts, and premium finishes position it favorably for a streamlined and repeatable individual sales execution. Importantly, recent individual unit sales ranging from $300,000 to $365,900 demonstrates established buyer demand and validates the property’s embedded individual value premium.
Located in the heart of Downtown Des Moines, the property is steps from the Historic Court District, Downtown Farmer’s Market, and the metro’s primary employment and entertainment nodes, providing a true urban ownership lifestyle with limited competitive supply. With strong in place rental income, minimal near term capital requirements, and proven for sale liquidity, Seventh Street Brownstones offers investors downside protection through cash flow while preserving significant upside by selling units individually.
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=DcZCGlC5aof1gtFvyyof-QsQzzl6jYqBD1gooVTiLeaE0NY6NWm4bH3DNYozYsYv
- 325 SW 7th St, Des Moines, IA
- 29 Townhomes
- 2013 Built
- 1,559 SF Avg. Unit Size
- $2,053 Avg. Leased Rent
- 100% Occupied
- 29 Attached To-Car Garages
- Private rooftops with wet bars and skyline views
- Owned by the original developer
- Best-in-class rental alternative to downtown homeownership
- Walkable, irreplaceable downtown location
Seventh Street Brownstones features 29 three bedroom / two-and-a-half-bathroom residences averaging 1,559 square feet, each with two car attached garages and private rooftop patios, a highly differentiated amenity set that closely aligns with urban homebuyer preferences. The property’s uniform unit mix, efficient layouts, and premium finishes position it favorably for a streamlined and repeatable individual sales execution. Importantly, recent individual unit sales ranging from $300,000 to $365,900 demonstrates established buyer demand and validates the property’s embedded individual value premium.
Located in the heart of Downtown Des Moines, the property is steps from the Historic Court District, Downtown Farmer’s Market, and the metro’s primary employment and entertainment nodes, providing a true urban ownership lifestyle with limited competitive supply. With strong in place rental income, minimal near term capital requirements, and proven for sale liquidity, Seventh Street Brownstones offers investors downside protection through cash flow while preserving significant upside by selling units individually.
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=DcZCGlC5aof1gtFvyyof-QsQzzl6jYqBD1gooVTiLeaE0NY6NWm4bH3DNYozYsYv
- 325 SW 7th St, Des Moines, IA
- 29 Townhomes
- 2013 Built
- 1,559 SF Avg. Unit Size
- $2,053 Avg. Leased Rent
- 100% Occupied
- 29 Attached To-Car Garages
- Private rooftops with wet bars and skyline views
- Owned by the original developer
- Best-in-class rental alternative to downtown homeownership
- Walkable, irreplaceable downtown location
Property Facts
| Sale Type | Investment | Building Size | 45,211 SF |
| No. Units | 29 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2014 |
| Apartment Style | Townhome | Parking Ratio | 1.08/1,000 SF |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Building Size | 45,211 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2014 |
| Parking Ratio | 1.08/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Views
- Walk-In Closets
- Carpet
- Lawn
- Patio
- Wheelchair Accessible (Rooms)
- Large Bedrooms
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Courtyard
- Walking/Biking Trails
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 34 | - | 1,559 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $200 | Total Assessment | $200 |
Property Taxes
Parcel Numbers
Land Assessment
$200
Improvements Assessment
$0
Total Assessment
$200
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Seventh Street Brownstones | 325 SW 7th St
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