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2221 Stanton Ave
Des Moines, IA 50321
Finn Apartments · Multifamily Property For Sale
·
66 Units
PROPERTY FACTS
| No. Units | 66 | Lot Size | 3.99 AC |
| Property Type | Multifamily | Building Size | 73,150 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2017 |
| Building Class | C | Parking Ratio | 1.64/1,000 SF |
| Zoning | R-3 | ||
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.99 AC |
| Building Size | 73,150 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1972/2017 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
ABOUT 2221 STANTON AVE , DES MOINES, IA 50321
The current owner has renovated the exterior and replaced with steel siding with a 55 year warranty. All new decks were installed. In addition, the club house has a partial new roof and plans were drawn to renovate with a community room, leasing office and exercise room. The current leasing office is in unit 12, a 2 bedroom unit. More than half of the units have been upgraded with new cabinets, counters and flooring. The Landlord is reimbursed for gas, trash, cable t.v. water and sewer. The swimming pool in the courtyard has been filled in and replaced with playground equipment. There is an additional parcel to the east consisting of 0.136 acres and zoned C-2. The units areseparately metered for electricity and tenant pays directly to the utility company. The property is located at 2221 Stanton Avenue in Des Moines, Iowa, which is just over 2 miles south of the vibrant Des Moines Central Business District. The property is situated in a quiet area west of Fleur Drive which is a major retail corridor in Des Moines. The property is just blocks from the Des Moines International Airport. The 66-unit complex is situated on 3.99 acres and consists of five 3-story residential buildings and one 1-story clubhouse. The property is comprised of 73,150 gross SF.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | $678.00 | 677 |
| 2+2 | 48 | $670.50 | 1,030 |
PROPERTY TAXES
| Parcel Number | 120-07058000000 | Improvements Assessment | $4,157,000 |
| Land Assessment | $493,000 | Total Assessment | $4,650,000 |
PROPERTY TAXES
