Gray’s Lake is less than a 10-minute drive from Downtown, I-235 (central corridor), and the Des Moines Airport. The location offers tenants a quiet and convenient setting, surrounded by parks, numerous stores, restaurants, entertainment, and schools. The asset has been extremely well maintained over the years, offering investors a turn-key opportunity with the ability to rehab units, while avoiding any ‘heavy lifting’. Current rent levels are significantly lower than almost every competitor in the submarket, and the property has maintained strong historical occupancy levels over the years (currently 95%).
Senior Managing Director
125 South Wacker Drive, Suite 400
Chicago, IL 60606
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