615 Park St | Des Moines, IA 50309
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- LoopNet Team
615 Park St
Des Moines, IA 50309
The Parker @ Seventh · Multifamily Property For Sale
·
158 Units
INVESTMENT HIGHLIGHTS
- PROVEN ABILITY TO CAPTURE LOSS TO LEASE
- SCALABLE RENOVATION OPPORTUNITY WITH MINIMAL DISRUPTION
- STABLE MARKET FUNDAMENTALS WITH PROJECTED RENT GROWTH OF 3.5% IN 2026
- STRATEGIC BASIS SIGNIFICANTLY BELOW REPLACEMENT COST
- SIGNIFICANT RECENT CAPITAL EXPENDITURES ENHANCING ASSET QUALITY
- WALKABLE TO MAJOR DOWNTOWN EMPLOYERS DRIVING CONSISTENT RENTER DEMAND
PROPERTY FACTS
| No. Units | 158 | Building Size | 176,627 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 16 |
| Apartment Style | Hi-Rise | Year Built/Renovated | 1986/2020 |
| Building Class | B | Parcel Number | 030/03880-100-000 |
| Lot Size | 0.37 AC | ||
| Zoning | C-3 - 1A - Apartment High Rise | ||
| No. Units | 158 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 176,627 SF |
| Average Occupancy | 94% |
| No. Stories | 16 |
| Year Built/Renovated | 1986/2020 |
| Zoning | C-3 - 1A - Apartment High Rise |
| Parcel Number | 030/03880-100-000 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Wi-Fi
- Freezer
SITE AMENITIES
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Gameroom
- Guest Apartment
- Wi-Fi
- Roof Terrace
- Conference Rooms
- Elevator
- Lounge
- Maintenance on site
- Online Services
- Sundeck
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