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Woodland Meadows Apartments 3315 E 15th St 49 Unit Apartment Building For Sale Des Moines, IA 50316
INVESTMENT HIGHLIGHTS
- VALUE-ADD OPPORTUNITY
EXECUTIVE SUMMARY
Over $100,000 worth of appliances, cabinets, doors, windows, hardware, lighting, window screens, doors, paint, plumbing, electrical, drywall, and flooring available for a new investor to continue renovating the units at the apartment community.
39. 2BR/1BA Units
10. 1BR/1BA Units
2. 0BR/1BA Units
96 Parking Spaces
VALUE-ADD OPPORTUNITY:
Immediate upside in finishing renovations, stabilizing occupancy, raising rents, and additional income line-item charges, such as RUBs, pet rental income, and storage income.
CAPITAL IMPROVEMENTS 50% OF UNIT INTERIORS:
• Flooring (ceramic tile, LVP, or carpet squares) • All Appliances • Cabinets and hardware • Doors, knobs, handles • Lighting & Ceiling Fans • Faucets, medicine cabinets, AC Units, vertical blinds • Electrical panels, switches, etc. • New Thermostats in each apartment unit (100% of units)
COMMUNITY FEATURES:
• On-site laundry facilities • On-site storage closets • Brick exteriors • New interior & exterior lighting • Fenced property line • 92+ parking spaces on site.
OCCUPANCY:
The property is 50% occupied with 4 fully renovated units that are now available on the market. The remaining units are being updated and are in various stages of completion. Contact broker’s to learn more.
39. 2BR/1BA Units
10. 1BR/1BA Units
2. 0BR/1BA Units
96 Parking Spaces
VALUE-ADD OPPORTUNITY:
Immediate upside in finishing renovations, stabilizing occupancy, raising rents, and additional income line-item charges, such as RUBs, pet rental income, and storage income.
CAPITAL IMPROVEMENTS 50% OF UNIT INTERIORS:
• Flooring (ceramic tile, LVP, or carpet squares) • All Appliances • Cabinets and hardware • Doors, knobs, handles • Lighting & Ceiling Fans • Faucets, medicine cabinets, AC Units, vertical blinds • Electrical panels, switches, etc. • New Thermostats in each apartment unit (100% of units)
COMMUNITY FEATURES:
• On-site laundry facilities • On-site storage closets • Brick exteriors • New interior & exterior lighting • Fenced property line • 92+ parking spaces on site.
OCCUPANCY:
The property is 50% occupied with 4 fully renovated units that are now available on the market. The remaining units are being updated and are in various stages of completion. Contact broker’s to learn more.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.20 AC |
| No. Units | 49 | Building Size | 40,880 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1968/2025 |
| Apartment Style | Garden | Parking Ratio | 2.35/1,000 SF |
| Building Class | C | ||
| Zoning | R-3 - NX2 Neighborhood Mix District | ||
| Sale Type | Investment |
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.20 AC |
| Building Size | 40,880 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2025 |
| Parking Ratio | 2.35/1,000 SF |
| Zoning | R-3 - NX2 Neighborhood Mix District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Storage Space
- Heating
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walking/Biking Trails
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 693 |
| 2+1 | 37 | - | 730 - 820 |
| Studios | 2 | - | 590 |
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PROPERTY TAXES
| Parcel Number | 110-00548001000 | Improvements Assessment | $4,071,211 CAD |
| Land Assessment | $450,796 CAD | Total Assessment | $4,522,007 CAD |
PROPERTY TAXES
Parcel Number
110-00548001000
Land Assessment
$450,796 CAD
Improvements Assessment
$4,071,211 CAD
Total Assessment
$4,522,007 CAD
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Woodland Meadows Apartments | 3315 E 15th St
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