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703-711 Monona Ave
Des Moines, IA 50315
City Heights Apartments · Multifamily Property For Sale
·
36 Units
PROPERTY FACTS
| No. Units | 36 | Lot Size | 0.37 AC |
| Property Type | Multifamily | Building Size | 32,604 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 0.36/1,000 SF |
| Zoning | R-4 | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 32,604 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 0.36/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Refrigerator
- Oven
- Range
- Patio
SITE AMENITIES
- Laundry Service
ABOUT 703-711 MONONA AVE , DES MOINES, IA 50315
CBRE|Hubbell Commercial is exclusive advisor for the sale of City Heights Apartments, located at 703 Monona Street in Des Moines, Iowa. The current owners acquired the bank owned property during the recession. Since that time they have improved the property, upgraded the tenants and handled all the deferred maintenance issues. The property is consistently 96-100% occupied. The City Heights Apartments are located in a quiet residential neighborhood just south of the Central Business District. Situated high on a hill overlooking the CBD, the property provides many of the tenants with outstanding views. The location is desirable for those tenants that work in the CBD, but prefer to live in a more residential environment. The area is served by the Metropolitan Transit System and is convenient to shopping and entertainment. Millions of dollars have been spent in the Downtown Des Moines including the Principal Cubs Stadium, the Court Avenue Entertainment District, the new Science Center and Des Moines Public Library are all within minutes of the property. Major employers in the CBD include Principal Financial Group, Wells Fargo Bank, Wells Fargo Financial, Wellmark and ING.
PROPERTY TAXES
| Parcel Number | 020-00279001000 | Improvements Assessment | $602,300 |
| Land Assessment | $89,700 | Total Assessment | $692,000 |
PROPERTY TAXES
