4530 Lower Beaver Rd | Des Moines, IA 50310
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4530 Lower Beaver Rd
Des Moines, IA 50310
Legacy Apartments · Multifamily Property For Sale
·
168 Units
INVESTMENT HIGHLIGHTS
- Attractive Assumable Debt at 4.1% Fixed Rate
- Major Operational Expense Upside | 60% Expense Ratio
- Well-Maintained Asset with Desirable Unit Mix (Studio to 3BR/2BA)
- 14%+ Annual Revenue Upside via Capturing Economic Vacancy
- Strong Historical Occupancy
- Quiet Neighborhood Location | No Nearby Comparable Competition
PROPERTY FACTS
| No. Units | 168 | Building Size | 138,447 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 7.21 AC | ||
| Zoning | R-4 | ||
| No. Units | 168 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.21 AC |
| Building Size | 138,447 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R-4 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Security System
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Deck
- Office
SITE AMENITIES
- Clubhouse
- Fenced Lot
- Fitness Center
- Package Service
- Storage Space
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 500 |
| 1+1 | 54 | - | 650 - 700 |
| 2+1 | 105 | - | 740 - 800 |
| 3+1 | 3 | - | 995 - 1,025 |
PROPERTY TAXES
| Parcel Number | 100-10007203001 | Improvements Assessment | $7,860,000 |
| Land Assessment | $1,140,000 | Total Assessment | $9,000,000 |
PROPERTY TAXES
Parcel Number
100-10007203001
Land Assessment
$1,140,000
Improvements Assessment
$7,860,000
Total Assessment
$9,000,000
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