421 College Avenue, Des Moines, IA 50314

Investment Highlights

• Contemporary Interior Design – Well-maintained units featuring modern finishes, open layouts, and attractive living spaces that appeal to today's renters.
• Premium Unit Features – Granite countertops, stainless steel appliances, and spacious walk-in closets provide an upscale resident experience and support strong tenant retention.
• Updated Appliance Package – Major appliances have been replaced or upgraded within the past six years, reducing near-term capital expenditure requirements.
• Convenient On-Site Amenities – Two shared laundry facilities offer added convenience for residents and operational efficiency for ownership.
• Outdoor Resident Gathering Space – Attractive BBQ patio and fire pit area encourage community engagement and enhance resident satisfaction.
• Monitored Parking Area – Security-monitored parking provides residents with added peace of mind and contributes to property appeal.
• Established Historic Neighborhood – Located in a desirable historic district with enduring character, neighborhood charm, and strong rental demand.
• Demonstrated Resident Stability – Average resident tenure of approximately three years reflects tenant satisfaction, reduced turnover costs, and stable occupancy.
• Strong Retention Characteristics – The combination of modern upgrades, desirable amenities, and neighborhood appeal creates a compelling value proposition for both current and prospective residents.
• Turnkey Investment Opportunity – Well-maintained asset with proven occupancy stability, attractive amenities, and limited immediate capital improvement needs.