515-402-7941
3315 E 15th St, Des Moines, IA for Sale
Apartments - FOR SALE
1/41
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3315 E 15th St
Des Moines, IA 50316
Campus Park-Wright's Grove


HIGHLIGHTS

  • VALUE-ADD OPPORTUNITY

OVERVIEW

Over $100,000 worth of appliances, cabinets, doors, windows, hardware, lighting, window screens, doors, paint, plumbing, electrical, drywall, and flooring available for a new investor to continue renovating the units at the apartment community. 39. 2BR/1BA Units 10. 1BR/1BA Units 2. 0BR/1BA Units 96 Parking Spaces VALUE-ADD OPPORTUNITY: Immediate upside in finishing renovations, stabilizing occupancy, raising rents, and additional income line-item charges, such as RUBs, pet rental income, and storage income. CAPITAL IMPROVEMENTS 50% OF UNIT INTERIORS: • Flooring (ceramic tile, LVP, or carpet squares) • All Appliances • Cabinets and hardware • Doors, knobs, handles • Lighting & Ceiling Fans • Faucets, medicine cabinets, AC Units, vertical blinds • Electrical panels, switches, etc. • New Thermostats in each apartment unit (100% of units) COMMUNITY FEATURES: • On-site laundry facilities • On-site storage closets • Brick exteriors • New interior & exterior lighting • Fenced property line • 92+ parking spaces on site. OCCUPANCY: The property is 50% occupied with 4 fully renovated units that are now available on the market. The remaining units are being updated and are in various stages of completion. Contact broker’s to learn more.

FOR SALE DETAILS

PRICE

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# OF UNITS

49

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodland Meadows Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

96

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

R-3

APN/PARCEL ID

110-00548001000

ASK ABOUT THIS PROPERTY

Josh KirbyStanbrough Realty Company, LLCMore Info
515-402-7941

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Josh KirbyStanbrough Realty Company, LLCMore Info
515-402-7941

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.