Location: Des Moines, IA
Apartment Units: 304
Axiom Properties has successfully negotiated the purchase of Gray's Lake Apartments. Built in 1968, Gray’s Lake is prominently located just 10 minutes south of the CBD. This location provides easy access to employment, Gray’s Lake Park, Water Works Park and the Racoon River watershed area to the north, and the Des Moines International Airport 10 minutes to the south. Community amenities include a swimming pool, fitness center, clubhouse,
playground and bark park. The opportunity to renovate units, add utility bill-back of gas to residents, manage to Axiom efficiencies and bring rents to market rate will provide a compelling return to our Investors.