Map of Property

1241 - 1247 33rd St

1241 - 1247 33rd St, Des Moines, IA 50311

  • For Sale $1,200,000
  • Property Type Multi-Family
  • Property Size 8,072 SF
  • Units 6
  • Lot Size 0.46 Acre
  • Year Built 1980
  • Year Renovated 2021
  • Date Updated Apr 16, 2024
-SVN | CREATE is pleased to present The Drake Residences, a 6 unit condo platted community on .462 Acres, located at 1241 - 1247 33rd St bordering Drake University. This premier turnkey student housing opportunity is being offered at $70K per bedroom and is comprised of a single family residence and five large townhomes. This cash-flowing asset features professionally designed residences in a superb location. Each residence has separate gas and electric meters paid by the residents. The owners have implemented a flat rate utility billing for water/sewer/trash/landscaping that covers a majority of utility costs. All residents pay rent electronically. At 100% occupancy with long term leases, this investment offers a buyer the opportunity to acquire a truly turn-key property with high end finishes in a premier submarket of Des Moines. This property has excellent accessibility throughout the metro. Residents enjoy the walkable proximity to the Drake campus and nearby entertainment, quick access to the interstate system, and less than a 10 minute ride to downtown. In addition to the current stability of operations, this investment offers clear upside on rental income from the pre-renovation rates currently in place. Renewed rental certificates are included.

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Contacts

broker

Britton Klomstad

SVN | CREATE Commercial Real Estate Advisors

(515) 447-1472

Location

Getting Around

  • Walk Score ®

    64/100 Somewhat Walkable

  • Transit Score ®

    37/100 Some Transit

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Des Moines, IA
  • Neighborhood Drake
  • Zip Code 50311
  • Market Des Moines

Points of Interest

  • Kum & Go

    0.17 miles

  • Johnson & Sons Service

    0.17 miles

  • Git N Go

    0.68 miles

  • Kum & Go

    0.76 miles

  • Kum & Go

    0.89 miles

  • Star

    1.19 miles

  • QuikTrip

    1.20 miles

  • Kum & Go

    1.52 miles

  • Git N Go

    1.59 miles

  • QuikTrip

    1.68 miles

  • Lot 27

    0.08 miles

  • Lot 29

    0.11 miles

  • Lot 26

    0.11 miles

  • Lot 25

    0.14 miles

  • Lot 34

    0.18 miles

  • Lot 21

    0.22 miles

  • Lot 22

    0.25 miles

  • Lot 20

    0.25 miles

  • Lot 33

    0.29 miles

  • Olmsted Center Visitor Parking Lot

    0.32 miles

  • Home2 Suites

    0.49 miles

  • Holiday Inn Express

    0.64 miles

  • Holiday Inn Des Moines Downtown

    1.87 miles

  • Royal Motel

    1.91 miles

  • Hotel Fort Des Moines

    2.05 miles

  • Des Lux Hotel

    2.08 miles

  • Des Moines Marriott Downtown

    2.10 miles

  • Hilton Des Moines Downtown

    2.11 miles

  • Hyatt Place Des Moines Downtown

    2.14 miles

  • Comfort Inn & Suites Event Center

    2.20 miles

  • KFC/Taco Bell

    0.13 miles

  • Jethro's BBQ

    0.15 miles

  • Subway

    0.15 miles

  • Haiku

    0.16 miles

  • Paul

    0.18 miles

  • McDonald's

    0.19 miles

  • Louie's Wine Dive

    0.58 miles

  • Woody's Smoke Shack

    0.62 miles

  • Drake Diner

    0.62 miles

  • Godfather's Pizza

    0.62 miles

  • School of Metaphysics

    0.30 miles

  • Drake University

    0.33 miles

  • Callanan Junior High School

    0.79 miles

  • Monroe Elementary School

    0.86 miles

  • Perkins Elementary School

    0.90 miles

  • Hubbell Elementary School

    0.94 miles

  • Saint John's School

    0.98 miles

  • Theodore Roosevelt High School

    1.03 miles

  • King Elementary School

    1.06 miles

  • Des Moines University

    1.26 miles

  • ChildServe Woodland Center

    1.13 miles

  • Child Development Center

    1.71 miles

  • Child Development Center

    1.75 miles

  • Principal Child Development Center

    1.89 miles

  • Childtime of Des Moines

    1.95 miles

  • Wonder Years Academy

    2.05 miles

  • New Horizons Academy

    2.60 miles

  • Kingdom Kids Academy

    2.82 miles

  • Klassic Kids

    2.89 miles

  • The Kids Room

    2.98 miles

Frequently Asked Questions

What is the lease rate for 1241 - 1247 33rd St?

Rental asking rate at 1241 - 1247 33rd St is $600,000.00/YR.

What is the total square footage of 1241 - 1247 33rd St?

1241 - 1247 33rd St totals 8,072 square feet.

When was this property built?

1241 - 1247 33rd St was built in 1980.

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Contact Listing Broker

broker

Britton Klomstad

SVN | CREATE Commercial Real Estate Advisors

(515) 447-1472