2519 Clarkson Ave Des Moines, IA 50310
- Commercial real estate
- 27,360 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2519 Clarkson Ave
- Year built
- 1972
- Property size
- 27,360 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 45-unit apartment building located at 2519 Clarkson Ave, Des Moines, IA, 50310. The property, a Class B multifamily complex, boasts a total of 27,360 square feet across three, two-story buildings. Originally constructed in 1972 and extensively renovated in 2024, this property offers a compelling blend of established infrastructure and modern upgrades. The unit mix comprises 32 one-bedroom, one-bathroom units and 13 two-bedroom, one-bathroom units. Significantly, over 90% of the units have undergone a comprehensive renovation, featuring new LVP flooring, fresh carpeting, updated paint, modern appliances, refreshed or replaced cabinetry, resurfaced countertops, new light fixtures, and new door hardware. The asking price is $2,695,000, translating to $98.50 per square foot and $59,888.89 per unit. This property represents a strong value proposition in the Des Moines, Polk County market. The extensive renovations ensure high occupancy rates and strong rental income potential. This is a turnkey investment ready for immediate cash flow.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.652488015503
- Latitude
- 41.629615843053
