Station 121 | 121 12th St
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Station 121 121 12th St
26 Unit Apartment Building $4,000,000 ($153,846/Unit) Des Moines, IA 50309
INVESTMENT HIGHLIGHTS
- 26-unit boutique apartment community in downtown Des Moines’ highly desirable Western Gateway neighborhood
- Property tax abatement until 2028
- Multifamily conversion completed in 2018 with 26 unique floor plans featuring original architectural elements
- Surrounded by major employers including Dotdash Meredith, Wellmark Blue Cross Blue Shield, Nationwide Insurance, EMC Insurance, Principal Financial Gr
EXECUTIVE SUMMARY
Multifamily conversion completed in 2018 with 26 unique floor plans featuring original architectural elements.
PROPERTY FACTS
| Price | $4,000,000 | Building Class | B |
| Price Per Unit | $153,846 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 27,858 SF |
| No. Units | 26 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2018 |
| Apartment Style | Low-Rise |
| Price | $4,000,000 |
| Price Per Unit | $153,846 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 27,858 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 2018 |
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Concierge
- Fitness Center
- Multi Use Room
- Smoke Detector
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Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 020/01646-002-001 | Improvements Assessment | $3,297,000 |
| Land Assessment | $383,000 | Total Assessment | $3,680,000 |
PROPERTY TAXES
Parcel Number
020/01646-002-001
Land Assessment
$383,000
Improvements Assessment
$3,297,000
Total Assessment
$3,680,000
ZONING
| Zoning Code | C-3 |
| C-3 |
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Station 121 | 121 12th St
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