Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire The Birch Apartments, a 74-unit multifamily community located in Des Moines, Iowa. Originally developed in 1977 and renovated in 2023, The Birch is primarily comprised of two-bedroom floor plans averaging 800 square feet. There is also a duplex on site that includes one- and two-bedroom suites with private entrances and yards. Over the past year, the property has undergone extensive exterior and interior renovations to improve the asset and increase the aesthetic appeal of the property. Property enhancements include interior upgrades in 38 units, a freshly painted exterior, ample landscaping, striped parking lot, and upgraded entrances and hallways. With the extensive list of capital improvements and a proven-out value-add program, The Birch offers the next investor a clean slate to continue renovations while enjoying strong cash flow from day one of ownership.