- WELL-POSITIONED ASSET PRIMED FOR VALUE-ADD IMPLEMENTATION
- $330/UNIT IN VALUE-ADD UPSIDE – $1,675,000! – WITH INTERIOR MODERNIZATIONS
- OPEN FLOORPLANS WITH IN-UNIT WASHER/DRYER
- IDEALLY SITUATED IN THE HEART OF WEST DES MOINES
- SURROUNDED BY NEW CONSTRUCTION – OFFERED WELL BELOW REPLACEMENT COSTS
- SOLID SUBMARKET FUNDAMENTAL TRENDS
- STRONG SURROUNDING DEMOGRAPHIC PROFILE
- SURROUNDED BY PUBLIC COMPANIES, LARGE PRIVATE COMPANIES, AND THE MEDICAL MILE
- OFFERED FREE AND CLEAR OF ANY EXISTING DEBT
WELL-POSITIONED ASSET PRIMED FOR VALUE-ADD IMPLEMENTATION
Located in extremely desirable and affluent West Des Moines and built in 1990, Wellington is surrounded by new construction and provides vintage unit interiors and robust amenity package prime for value-add modernizations.
$330/UNIT IN VALUE-ADD UPSIDE – $1,675,000! – WITH INTERIOR MODERNIZATIONS
Wellington was constructed in 1990 and features primarily classic unit interiors, creating an outstanding opportunity to achieve rent upside of $330+/unit per apartment home with moderate interior upgrades. Cosmetic upgrades to the kitchen cabinets, solid surface countertops, new stainless appliances, an updated lighting package as well as upgraded bathrooms will allow a new buyer to push annual rental income by more than $1,675,000!
OPEN FLOOR PLANS WITH IN-UNIT WASHER/DRYER
The floorplans offer wellington currently measure 881 SF on average and offer a stackable washer/dryer in every unit as well as large walk-in closets and vaulted ceilings and fireplaces in select units. The floorplans, with appropriate upgrades, will compete with the new construction offered in the market.