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200 10th St
Des Moines, IA 50309

Clemens Building · Multifamily Property For Sale · 44 Units

INVESTMENT HIGHLIGHTS

  • Steady Rent Growth: 7 consecutive quarters of positive rent growth. Effective rents are up 3.6% YTD
  • Strong Demand: 7 consecutive quarters of occupancy growth
  • Minimal New Supply: No new unit deliveries in 2022
  • Less than a 10-minute walk to over 400,000 SF of ground floor retail amenities

PROPERTY FACTS

No. Units 44
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.24 AC
Building Size 47,011 SF
Average Occupancy 93%
No. Stories 6
Year Built 2017

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Carpet

SITE AMENITIES

  • Clubhouse
  • Fitness Center
  • Gameroom
  • Roof Terrace
  • Storage Space
  • Bicycle Storage

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 22 $1,281 577 - 805
2+2 22 $1,726 795 - 1,489

PROPERTY TAXES

ZONING

Zoning Code C-3
  • Listing ID: 27222678

  • Date on Market: 12/1/2022

  • Last Updated:

  • Address: 200 10th St, Des Moines, IA 50309