Grandview Acres

Description

Welcome to 3537 Hubbell Ave, Des Moines, IA, a thriving investment opportunity in the heart of the Des Moines area. This 11,646 SF Multifamily / Low-Rise/Garden property, built in 1979, comprises 12 generously sized units, each boasting approximately 925 square feet of living space. The property, nestled in mature timber, offers a tranquil setting and a truly unique living experience. With an enviable location at the intersection of Hubbell Ave and Euclid Ave, this property is ideally situated to attract tenants seeking convenience and comfort. The current base of tenants provides a solid foundation, and with a touch of TLC, light renovation, and cleanup, the potential to elevate rents to a modest $925-975 is within reach. Each unit features a large eat-in kitchen area, a private balcony or porch, and most units are equipped with spacious walk-in closets. The property's 100% occupancy rate reflects the high demand for its units, making it a compelling investment for those seeking long-term success. Don't miss this exceptional opportunity to capitalize on the untapped potential of this remarkable property.

Located in the vibrant and rapidly growing east side of Des Moines, the location of this property offers an exceptional opportunity for prospective investors seeking to capitalize on the city's dynamic market. Conveniently situated at the crossroads of Hubbell and Euclid Ave, the property provides easy access to the local amenities and attractions that make Des Moines a sought-after place to live. With the proximity of Interstate 235 just 4 minutes away and Interstate 80 and 35 a mere 7 minutes' drive, residents have seamless access to major transportation arteries, facilitating convenient commutes across the region. Additionally, the property is only 7 minutes from Downtown and close to the highly desirable Ankeny and Altoona areas, offering a wealth of shopping, dining, and entertainment options for residents to explore. The strategic location of this property positions it as an attractive investment for those seeking to tap into the thriving Des Moines market and provide residents with a well-connected and enriching living experience.

Des Moines is a very stable real estate market compared to many other areas. With extremely low unemployment, growing jobs and population Des Moines offers a lot of long-term potential for investors. Iowa is one of the best states for landlord protections and is a friendly state to do business. Des Moines has been increasing in population and jobs as well because of the low cost of living, but the high standard of living.

A vibrant gem in the heart of the prairie, Des Moines is named for the river that snakes through the city. This is Iowa's capital (and the county seat of Polk County), and it is filled with things to do. From concerts at the historic Salisbury House to the collections at Des Moines Art Center, and from the 81 miles of hiking and biking trails to the Greater Des Moines Botanical Gardens, Des Moines offers so much that it was named one of the top 10 cities in which to live by US News.

Home to such companies as John Deere, Pioneer, Corteva, Meredith Corporation, Wells Fargo, Voya Financial, and Principal Financial Group, Des Moines is considered one of the nation's wealthiest cities.

Greater Des Moines is vibrant, growing and experiencing tremendous momentum. Metrics such as gross domestic product growth, population growth and employment growth show DSM as one of the strongest metros in the Midwest. Greater Des Moines is home to many business successes and has received numerous accolades over the past several years. These recognitions include being named one of the top 10 best cities to live and work, one of the best cities for jobs, one of the top 10 places with the most job opportunities per capita and a top metro for economic development projects. Such accomplishments can be attributed to DSM’s talented workforce, impressive education ranking and strong business economy.