Multifamily: Meadow Chase Apartments - West Des Moines, IA

Multifamily: Minimum Investments Starting At $150,000.00

• Property Name: Meadow Chase Apartments
• Purchase Price: $6,420,000
• Equity: $2,675,000
• Loan Amount: $3,745,000
• Loan-to-Value: 58.33%
• Percent Occupied: 92.00%
• Type: Multifamily Housing

Property Overview
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.

Lease Information
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.

Please contact me for a full marketing brochure and further information regarding this investment.