Log In/Sign Up
717 Locust St
Des Moines, IA 50309
R&T Lofts · Multifamily Property For Sale
·
164 Units
Investment Highlights
- 164-unit luxury high-rise community in the heart of Downtown Des Moines, Iowa
- Access to the Des Moines Skywalk System connecting residents to the metros densest concentration of office employment totaling more than 15 million SF
- Amenity package features a dog run, 24/7 fitness center, community room with shuffleboard & pool, 24/7 package room, and a city view rooftop courtyard
- Irreplaceable location with direct access to the Des Moines Skywalk System connecting residents to the metros densest concentration of office employme
- Significant rent upside with in-place rents approximately 20% below asking rents of the competitive set
- Granite countertops, stainless steel appliances, modern tile backsplash, loft-style windows & tall ceilings, in-unit washer/dryer in select units
Property Facts
| No. Units | 164 | Lot Size | 0.86 AC |
| Property Type | Multifamily | Building Size | 209,834 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Hi-Rise | No. Stories | 15 |
| Building Class | A | Year Built/Renovated | 1916/2016 |
| Zoning | DX1 - DX1 Downtown District | ||
| No. Units | 164 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | A |
| Lot Size | 0.86 AC |
| Building Size | 209,834 SF |
| Average Occupancy | 92% |
| No. Stories | 15 |
| Year Built/Renovated | 1916/2016 |
| Zoning | DX1 - DX1 Downtown District |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Hardwood Floors
- Stainless Steel Appliances
- Walk-In Closets
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- Fitness Center
- Roof Terrace
- Conference Rooms
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 37 | $982.00 | 671 - 851 |
| 1+1 | 91 | $1,179 | 908 - 1,226 |
| 2+1 | 3 | $1,425 | 919 |
| 2+2 | 33 | $1,628 | 1,233 - 1,569 |
Property Taxes
| Parcel Number | 02000921001001 | Improvements Assessment | $16,667,000 |
| Land Assessment | $2,700,000 | Total Assessment | $19,367,000 |
Property Taxes
Parcel Number
02000921001001
Land Assessment
$2,700,000
Improvements Assessment
$16,667,000
Total Assessment
$19,367,000
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
