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Silhouette Apartments 3720 57th St

48 Unit Apartment Building $5,244,639 CAD ($109,263 CAD/Unit) Des Moines, IA 50310

Apartment Buildings Iowa Des Moines 3720 57th St, Des Moines, IA 50310

Investment Highlights

  • Located near Merle Hay Mall
  • Opportunity to implement RUBS
  • Strong submarket fundamentals with persistent sub-5% vacancy
  • Long term ownership of 15 years
  • Convenient access to Interstate 80/35
  • Des Moines-West Des Moines was recently ranked “#1 U.S. Metro for Young Professionals to Live” by Forbes

Executive Summary

CBRE is pleased to offer for sale Silhouette Apartments, a 48-unit multifamily community along with the neighboring single-family rental for a total of 49 units. The property consists of 24 one bedroom units, 24 two bedroom units, and a two bedroom single-family rental.

Property Facts

Price $5,244,639 CAD Apartment Style Low Rise
Price Per Unit $109,263 CAD Building Class C
Sale Type Investment Lot Size 1.51 AC
No. Units 48 Building Size 35,760 SF
Property Type Multifamily No. Stories 3
Property Subtype Apartment Year Built 1975
Price $5,244,639 CAD
Price Per Unit $109,263 CAD
Sale Type Investment
No. Units 48
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.51 AC
Building Size 35,760 SF
No. Stories 3
Year Built 1975

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Heating
  • Ceiling Fans
  • Kitchen
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Dining Room
  • Vinyl Flooring
  • Window Coverings

Site Amenities

  • Controlled Access
  • Laundry Facilities
  • Maintenance on site

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 24 - 630
2+1 24 - 750

Links

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Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 100/12390-000-000 Improvements Assessment $4,125,852 CAD
Land Assessment $489,699 CAD Total Assessment $4,615,550 CAD

PROPERTY TAXES

Parcel Number
100/12390-000-000
Land Assessment
$489,699 CAD
Improvements Assessment
$4,125,852 CAD
Total Assessment
$4,615,550 CAD

zoning

Zoning Code C-2
C-2
  • Cy Fox
    Power Broker Cy Fox
  • Ray Hamilton
    Ray Hamilton
  • Clark Matthews
    Clark Matthews
(515) 415-6109

  • Listing ID: 34097565

  • Date on Market: 2024-12-05

  • Last Updated:

  • Address: 3720 57th St, Des Moines, IA 50310

The Merle Hay Multifamily Property at 3720 57th St, Des Moines, IA 50310 is currently available. Contact CBRE for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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Silhouette Apartments | 3720 57th St
(515) 415-6109 x

Silhouette Apartments | 3720 57th St

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Cy Fox

(515) 415-6109

(515) 415-6109

Ray Hamilton

(515) 415-6111

(515) 415-6111

Clark Matthews

(515) 415-6131

(515) 415-6131

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