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3700 Martin Luther King Pky
Des Moines, IA 50310
Garden Court Apartments · Multifamily Property For Sale
·
48 Units
Investment Highlights
- Sale price is below replacement cost
- Both buildings fully secured
- Ability to implement R.U.B.S.
- Value add opportunity for 24 of the 48 units
- One block from public transportation
Property Facts
| No. Units | 48 | Lot Size | 1.08 AC |
| Property Type | Multifamily | Building Size | 38,400 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 3.33/1,000 SF |
| Zoning | C-2 | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.08 AC |
| Building Size | 38,400 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 3.33/1,000 SF |
| Zoning | C-2 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
Site Amenities
- Controlled Access
- Laundry Facilities
- Maintenance on site
- Key Fob Entry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 48 | - | 620 |
Property Taxes
| Parcel Number | 080-01781000000 | Improvements Assessment | $2,472,000 |
| Land Assessment | $228,000 | Total Assessment | $2,700,000 |
Property Taxes
Parcel Number
080-01781000000
Land Assessment
$228,000
Improvements Assessment
$2,472,000
Total Assessment
$2,700,000
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