515-770-8431
615 Park St, Des Moines, IA for Sale
Apartments - FOR SALE
1/15
null | Request Cap Rate

615 Park St
Des Moines, IA 50309
Downtown Des Moines


HIGHLIGHTS

  • PROVEN ABILITY TO CAPTURE LOSS TO LEASE
  • STRATEGIC BASIS SIGNIFICANTLY BELOW REPLACEMENT COST
  • SCALABLE RENOVATION OPPORTUNITY WITH MINIMAL DISRUPTION
  • SIGNIFICANT RECENT CAPITAL EXPENDITURES ENHANCING ASSET QUALITY
  • STABLE MARKET FUNDAMENTALS WITH PROJECTED RENT GROWTH OF 3.5% IN 2026
  • WALKABLE TO MAJOR DOWNTOWN EMPLOYERS DRIVING CONSISTENT RENTER DEMAND

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

158

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Parker @ Seventh

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

16

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

BJ ConnollyGreysteelMore Info
515-770-8431

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BJ ConnollyGreysteelMore Info
515-770-8431

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