Clarkson Apartments

AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO WITH THE ADJACENT 45-UNIT “THE WOODS APARTMENTS” All units have been renovated with LVP flooring, carpet, paint, appliances, cabinets, countertops, light fixtures, and door hardware New asphalt parking lot overlay and restriping New roof on Building C in 2026 New boiler in Building A; all other boilers are mostly less than 10 years old All new hot water heaters (8 total) in Buildings B and C Newer steel unit entrance doors and frames CBRE is pleased to offer the opportunity to acquire Clarkson Apartments, a 45-unit apartment community in a highly accessible Des Moines, Iowa location. Clarkson Apartments offers an attractive blend of one- and two-bedroom units, with all units already renovated, minimizing immediate capital expenditure. Recent property enhancements include a new asphalt parking lot, newer boilers and hot water heaters, newer windows, and new roof on Building C in 2026. This offering provides investors with an immediate cash flow opportunity and the ability to further enhance returns through strategic value-add initiatives, specifically the conversion of the former leasing office into a rentable unit and the implementation of a gas utility reimbursement program. Renovated Units: All units have been renovated with LVP flooring, carpet, paint, appliances, painted or replaced cabinets, resurfaced countertops, new light fixtures, and new door hardware throughout Unit Mix: 32-1BR/1BA; 13-2BR/1BA Total Building SF: 27,360 Avg. Unit Rent: $794