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Grandeur Vine Apartments 1620 Vine St 16 Unit Apartment Building $1,700,000 ($106,250/Unit) West Des Moines, IA 50265
Executive Summary
16 Unit Property, 7x 2bd 2ba, 8x 2bd 1ba, and 1x 1bd 1ba unit with 16 additional garage units
On Site Laundry, Secured Access and Private balconies/patios.
Tenants pay Gas/Electric. Owner pays Water/Sewer/Trash
100% Occupied
On Site Laundry, Secured Access and Private balconies/patios.
Tenants pay Gas/Electric. Owner pays Water/Sewer/Trash
100% Occupied
Property Facts Under Contract
| Price | $1,700,000 | Building Class | C |
| Price Per Unit | $106,250 | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 28,256 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1992 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RH - Residential | ||
| Price | $1,700,000 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 28,256 SF |
| No. Stories | 2 |
| Year Built | 1992 |
| Opportunity Zone |
Yes |
| Zoning | RH - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Security System
- Tenant Controlled HVAC
- Maintenance on site
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 320-01394001000 | Improvements Assessment | $1,691,000 |
| Land Assessment | $199,000 | Total Assessment | $1,890,000 |
Property Taxes
Parcel Number
320-01394001000
Land Assessment
$199,000
Improvements Assessment
$1,691,000
Total Assessment
$1,890,000
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