200 10th St | Des Moines, IA 50309
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- LoopNet Team
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 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 47,011 SF |
| Property Subtype | Apartment | Average Occupancy | 84% |
| Apartment Style | Mid-Rise | No. Stories | 6 |
| Building Class | B | Year Built | 2017 |
| Zoning | C-3 | ||
| 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 | 84% |
| No. Stories | 6 |
| Year Built | 2017 |
| Zoning | C-3 |
AMENITIES
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
| Parcel Number | 020-01614003001 | Improvements Assessment | $7,723,000 |
| Land Assessment | $376,000 | Total Assessment | $8,099,000 |
PROPERTY TAXES
Parcel Number
020-01614003001
Land Assessment
$376,000
Improvements Assessment
$7,723,000
Total Assessment
$8,099,000
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