Active

915 Mulberry Street

Des Moines IA, 50309

$10,500,000


$133.67 per sqft

Active

54 Beds

3.75 Baths

78,554 sqft

Multi-family

Built in 2016

The Maxwell is a 62 unit luxury apartment complex located in the heart of downtown Des Moines, IA. The property was constructed in 2017 and is comprised of one, 5-story, elevator-served building that includes an indoor parking structure with 47 spaces. The Maxwell was finished with all modern high end finished and contemporary architecture. The apartments feature - studios, 1 bedroom, and 2 bedroom floor plans that are equipped with top-of-market finishes such as stainless steel appliances, quartz countertops, LVP flooring, 9+ foot ceilings, tile backsplash, Nest thermostats, and in-home washers & dryers. The property also offers an exclusive set of amenities including a world class roof top terrace offering resident seating areas, gas grills, a TV projector and a fire pit. There is also a luxury community lounge for residents to work from home, offering wi-fi and a kitchenette. The underground garage offers heated parking, a "LuxerOne" Package delivery System, additional storage closets for residents to enjoy and a free bicycle storage room. The entire property is safe and secure with modern security key fob locking system at every access point, and a fire suppression sprinkler system. The building has direct access to the 4-mile downtown Skywalk system open 24/7 that connects residents to the rest of downtown. The Maxwell also benefits from property tax abatement until 2028. There is an opportunity of assumable debt $7,500,000, with an interest rate of 4.9%!

688459

MLS ID

January 30, 2024

Listed

May 9, 2024

Updated

Map

915 Mulberry Street
Des Moines IA, 50309

Interior Features

Bedrooms

54


Total Bathrooms

3.75


Interior Features

Cable TV


Appliances

Cooktop, Microwave, Refrigerator, Stove


Laundry Description

Main Level


Floor Description

Carpet, Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric, Forced Air

Exterior/Building Features

Lot Size

0.42 Acres


Roof

Rolled/Hot Mop


Sewer

Public Sewer

School Information

School District

Des Moines Independent

Other Property Details

Area Name

Downtown


Taxes

$24,764


Tax Frequency

Annually


Days on Market

98


Garage

Yes


Garage Spaces

4


Parking

Attached, Garage


View

No


County

Polk


Water Source

Public


Pool

No


Zoning

C-3


Buyer Agency Compensation

1%

Listing History

Date

Event

Price

5/7/2024

Price Change

$10,500,000

-9%

 

Courtesy of EXIT Realty Capital City, Timothy Schutte,
Listing Contact: (515) 253-3948 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Daniel Wandling shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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