Multifamily: Meadow Chase Apartments - West Des Moines , IA
- Property Name: Meadow Chase Apartments
- Rentable SqFt: ±
- Purchase Price: $6,420,000.00
- Price per SqFt: /sqft
- Equity: $2,675,000.00
- Loan Amount: $3,745,000.00
- Loan-to-Value: %
- Percent Occupied: 92.00%
- Type: Multifamily housing
Property Description:
Meadow Chase Apartments is an 87-unit apartment and town home community in West Des Moines, Iowa. Build in 1990, the Property consists of 13 two-story buildings which are broken into 48 two-bedroom, one-bathroom apartment units and 37 two-bedroom, one-and-a-half-bathroom town home units.There is also a leasing office with a one-bedroom apartment upstairs. Nestled in a growing residential area and surrounded by single-family homes, condominiums and apartments, Meadow Chase Apartments boasts well-manicured grounds, impeccably maintained units and unimpeded access to Interstates 80 and 35. West Des Moines is a quickly expanding area that is enjoying stable rental rates and strong occupancy levels.
Top Tenants by Total Rent:
Meadow Chase Apartments is an 87-unit multifamily complex with amenities that include volleyball courts, picnic area with barbecue pit and a leasing office. Interior features include washer/dryer connections in all units, patios and balconies, large storage closets, dishwashers, and double-basin stainless steel sinks.
Please contact me for a full marketing brochure and further information regarding this investment.
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