The Wood Apartments 2525 Clarkson Avenue
Des Moines, IA 50310
Sale Price
$2,150,000
Brochure
Map
Multifamily For Sale - Available Immediately
34-unit Apartment Community For Sale in Des Moines
AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO WITH THE ADJACENT 45-UNIT “CLARKSON APARTMENTS”
Nearly all units have been renovated
Ideal unit mix of studios, one-beds, and two-beds
Avg. unit rent of $802 + utility reimbursements
Owner does NOT pay for heat, gas is only used for dryers and the water heater in Building 2535
Many recent capital improvements
Get in touch
Clark Matthews
Ray Hamilton
Cy Fox
CBRE is pleased to offer the opportunity to acquire The Woods Apartments, a 34-unit apartment community strategically located in Des Moines, Iowa.
The Woods Apartments boasts an attractive unit mix of studios, one- and two-bedroom apartments, with nearly all units recently renovated. Additional capital improvements include a new hot water heater in 2025, new asphalt parking lot in 2025, new retaining walls, and updated landscaping. This offering presents investors with a compelling opportunity to acquire a stabilized property with immediate cash flow.
Address: 2525 & 2535 Clarkson Ave, Des Moines, IA 50310
List Price: $2,150,000
Cap Rate: 8.30%
Year Built: 1975
Number of Units: 34
Renovated Units: Nearly all units have been renovated with unit entry doors, new cabinets, countertops, vanities, new appliances, LVP flooring, paint, plumbing and lighting fixtures, and blinds.
Unit Mix: 10-Studios; 4-1BR/1BA; 20-2BR/1BA
Total Building SF: 24,960
Avg. Unit Rent: $802 (+ Utility Reimbursements)
Recent Capital Improvements:
New asphalt overlay in summer 2025
New hot water heater in 2025
Retaining walls, drain tile and swale in 2024
Nearly all individual and common water heaters have been replaced
High intensity exterior LED lighting
Steel secured entrance exterior doors with keypad
Unit entry doors - metal door and metal frame
Complete common area hallway and laundry room renovation (lights, pain, carpet)
All units have Gyp-Crete floors and sound channels between units for sound reduction
The Woods Apartments boasts an attractive unit mix of studios, one- and two-bedroom apartments, with nearly all units recently renovated. Additional capital improvements include a new hot water heater in 2025, new asphalt parking lot in 2025, new retaining walls, and updated landscaping. This offering presents investors with a compelling opportunity to acquire a stabilized property with immediate cash flow.
Address: 2525 & 2535 Clarkson Ave, Des Moines, IA 50310
List Price: $2,150,000
Cap Rate: 8.30%
Year Built: 1975
Number of Units: 34
Renovated Units: Nearly all units have been renovated with unit entry doors, new cabinets, countertops, vanities, new appliances, LVP flooring, paint, plumbing and lighting fixtures, and blinds.
Unit Mix: 10-Studios; 4-1BR/1BA; 20-2BR/1BA
Total Building SF: 24,960
Avg. Unit Rent: $802 (+ Utility Reimbursements)
Recent Capital Improvements:
New asphalt overlay in summer 2025
New hot water heater in 2025
Retaining walls, drain tile and swale in 2024
Nearly all individual and common water heaters have been replaced
High intensity exterior LED lighting
Steel secured entrance exterior doors with keypad
Unit entry doors - metal door and metal frame
Complete common area hallway and laundry room renovation (lights, pain, carpet)
All units have Gyp-Crete floors and sound channels between units for sound reduction
Situated at the nexus of Douglas Avenue and MLK Jr Parkway, the property benefits from exceptional accessibility and proximity (under 10 minutes) to key retail, entertainment, and dining hubs including downtown Des Moines, Ingersoll Avenue, Beaverdale, and Merle Hay Mall. The location is also proximate to major employers such as Bridgestone-Firestone, Drake University, Broadlawns Medical Center, and the VA Central Iowa Health Care System.
Sale Price
$2,150,000
Get in touch
Clark Matthews
Ray Hamilton
Cy Fox