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the 44 dsm 4326 Hickman Rd 42 Unit Apartment Building For Sale Des Moines, IA 50310
INVESTMENT HIGHLIGHTS
- One-of-a-Kind Asset
- Exceptional Walkability
- Healthcare Convenience
- Affluent Resident Profile
- Modern Architecture
EXECUTIVE SUMMARY
CBRE is pleased to present the exclusive opportunity to acquire the 44 dsm, a premier 42-unit mixed-use community strategically located in Des Moines’ highly desirable Beaverdale neighborhood. Situated just 10 minutes from downtown Des Moines and 5 minutes from Drake University, Beaverdale is one of the city’s largest and most vibrant neighborhoods. Residents enjoy walkability to grocery, dining, shopping, and entertainment.
Developed in 2018, the 44 dsm is a luxury, mixed-use community consisting of 36 meticulously designed apartment units, 6 spacious townhomes, and 16,901 SF of Class A medical office space fully occupied by MercyOne Clinic. MercyOne is a part of CommonSpirit Health, one of the largest health systems in the United States. The clinic provides essential primary care services to Beaverdale and the surrounding area.
The apartment units feature an optimal mix of one- and two-bedroom layouts, each boasting a modern design, spacious interior, in-unit washer and dryer, and a private balcony. Residents benefit from underground heated parking, elevator access, well-appointed community rooms, and a convenient on-site leasing office. The expansive townhomes offer premium unit features, including an attached two-car garage, in-unit washer and dryer, private patio and balcony, dual full kitchens (one on each floor) and a private elevator/lift for ultimate convenience.
The property is being offered unpriced on a free and clear basis, presenting an attractive acquisition opportunity for a Class-A asset in a high barrier-to entry location.
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=kM0ffoeGgIN4R5wWbEXpLeexYJyMQ1XUVpJ-tky0B0d1Q4wCEHJoHJ6iGotqD0Sw
Address : 4326 Hickman Rd, Des Moines, IA 50310
Number of Units: 42 (36 apartments, 6 townhomes)
Year Built: 2018
Unit Mix: 12-1BR/1BA; 24-2BR/2BA (apartments) and 6-2BR/2BA (townhomes)
Average Unit Rent: $1,629
Average Unit SF: 939 (apartments) and 2,269 (townhomes)
Commercial SF: 16,901
Heated, underground parking (apartments)
6 attached two-car garages (townhomes)
In-unit washer and dryer
Dual kitchens (townhomes)
On-site leasing office
Two community rooms
Developed in 2018, the 44 dsm is a luxury, mixed-use community consisting of 36 meticulously designed apartment units, 6 spacious townhomes, and 16,901 SF of Class A medical office space fully occupied by MercyOne Clinic. MercyOne is a part of CommonSpirit Health, one of the largest health systems in the United States. The clinic provides essential primary care services to Beaverdale and the surrounding area.
The apartment units feature an optimal mix of one- and two-bedroom layouts, each boasting a modern design, spacious interior, in-unit washer and dryer, and a private balcony. Residents benefit from underground heated parking, elevator access, well-appointed community rooms, and a convenient on-site leasing office. The expansive townhomes offer premium unit features, including an attached two-car garage, in-unit washer and dryer, private patio and balcony, dual full kitchens (one on each floor) and a private elevator/lift for ultimate convenience.
The property is being offered unpriced on a free and clear basis, presenting an attractive acquisition opportunity for a Class-A asset in a high barrier-to entry location.
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=kM0ffoeGgIN4R5wWbEXpLeexYJyMQ1XUVpJ-tky0B0d1Q4wCEHJoHJ6iGotqD0Sw
Address : 4326 Hickman Rd, Des Moines, IA 50310
Number of Units: 42 (36 apartments, 6 townhomes)
Year Built: 2018
Unit Mix: 12-1BR/1BA; 24-2BR/2BA (apartments) and 6-2BR/2BA (townhomes)
Average Unit Rent: $1,629
Average Unit SF: 939 (apartments) and 2,269 (townhomes)
Commercial SF: 16,901
Heated, underground parking (apartments)
6 attached two-car garages (townhomes)
In-unit washer and dryer
Dual kitchens (townhomes)
On-site leasing office
Two community rooms
PROPERTY FACTS
| Sale Type | Investment | Building Class | A |
| No. Units | 42 | Lot Size | 2.59 AC |
| Property Type | Multifamily | Building Size | 40,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2021 |
| Sale Type | Investment |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 2.59 AC |
| Building Size | 40,000 SF |
| No. Stories | 2 |
| Year Built | 2021 |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Walk-In Closets
- Island Kitchen
SITE AMENITIES
- Property Manager on Site
- Security System
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 748 - 995 |
| 2+2 | 24 | - | 1,004 |
| 2+2 | 6 | - | 2,269 |
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the 44 dsm | 4326 Hickman Rd
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