1700 E Kirkwood Ave
Des Moines, IA 50320
Current non-profit ownership has employed a long-term affordable housing strategy in lieu of maximizing Net Operating Income. As a result, the Property is ideally positioned for new ownership to add substantial operational value that will result in the ability to increase revenues. In addition, there is a clear opportunity to streamline operations and bring expenses in-line with market.
Extremely Clean, Well-Maintained Asset
Current long-term ownership has maintained the asset to the highest of standards, allowing the next owner to focus their future capital expenditures on items that will immediately result in a corresponding revenue increase. Residents of Pioneer Woods consistently note that the cleanliness of the property is what attracted them to the community in the first place and that the continued upkeep has kept them at the community. The asset is one of the best kept secrets in the submarket, as can be seen in the high historical occupancy.
Strong and Well-Located Des Moines Submarket
The Southeast Des Moines submarket has historically been a very strong and stable workforce submarket in the capital city. Nearly all comparable properties in proximity of Pioneer Woods are 100% occupied. Additionally, the submarket is strategically located near major job centers, minutes from Downtown Des Moines, logistics and manufacturing hubs, as well as the area’s four major hospitals.
When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively.
MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.
MMG Real Estate Advisors
601 Westport Road
Kansas City, MO 64111