$4,000,000 USD
712-304-2149
121 12th St
Des Moines, IA 50309
Downtown Des Moines
HIGHLIGHTS
- 26-unit boutique apartment community in downtown Des Moines’ highly desirable Western Gateway neighborhood
- Multifamily conversion completed in 2018 with 26 unique floor plans featuring original architectural elements
- Property tax abatement until 2028
- Surrounded by major employers including Dotdash Meredith, Wellmark Blue Cross Blue Shield, Nationwide Insurance, EMC Insurance, Principal Financial Gr
FOR SALE DETAILS
PRICE
$4,000,000 USD
PRICE/SF
$144 USD /SF
# OF UNITS
26
PRICE/UNIT
$153,846
CAP RATE
Request Cap Rate
% LEASED
96%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Station 121
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2018
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.41 AC
LAND SF
17,700 SF
ZONING
C-3
APN/PARCEL ID
020/01646-002-000
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712-304-2149
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712-304-2149
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