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29996578
29996579

317 NE Trilein Dr, Ankeny, IA 50021

RH
IA S66838000
CBRE - Des Moines
CM
IA S72227000, SD 21369
CBRE - Des Moines
CF
IA S63632000
CBRE - Des Moines
Listed by CBRE - Des Moines
Unpriced
104 days on market
Updated 14 days ago

Trilein Village Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 39,750
Units 54
Class B
Year Built 1973
Buildings 3
Stories 2
Acreage 2.530
Investment Type Value Add

New Multifamily Listing | 54 Units | #1 Ranked School District | Ankeny, IA

Marketing description

CBRE is pleased to offer for sale Trilein Village Apartments, a 54-unit apartment community in Ankeny, Iowa. Ankeny is the largest suburb of Des Moines and historically one of the fastest-growing cities in the U.S. (ranked 4th in 2018 for cities with 50,000+ residents).

  • 29 of the 54 units have been renovated

  • $35,000 value-add potential by renovating the remaining 25 classic units

  • $15,000 value-add potential with recent implementation of bulk internet

  • Over $310,000 invested in capital improvements and renovations throughout the seller’s ownership period

  • Immediate access to I 35 and Ankeny Boulevard, enabling fast commutes into Des Moines and regional employment centers

  • 8 minutes from District at Prairie Trail, The District at Prairie Trail, a 1,031-acre entertainment district and commercial hub

  • Ankeny’s population has more than doubled since 2000, making it one of the fastest-growing cities in the country

  • Ankeny Community School District is ranked #1 Best School District in Des Moines Area, #4 in Iowa, and top 4% in America per Niche.com

  • Average Household Income of $125,676 within a 3-mile radius

  • Average Home Value of $341,199 within a 3-mile radius

  • 10 minutes to Des Moines Area Community College (DMACC) Ankeny

PLEASE CLICK HERE FOR MORE INFORMATION: https://www.cbredealflow.com/buyer/agreement?pv=zeIkSBCrWRu41oOvpsQHtk6-VT81iRSKGBUtbGBOmJTb-_upvVuMXZJSaDwPdWu4

Investment highlights

  • Address: 317 & 401 NE Trilein Dr and 701 NE 5th St

  • City/State/Zip: Ankeny, Iowa 50021

  • Year Built: 1973

  • Number of Units: 54

  • Unit Mix: 3-Studio; 15-1BR/1BA; 36-2BR/1BA

  • Number of Garages: 16

  • Parking: Surface & Detached Garages

  • Net Rentable SF: 39,750

  • Avg. Unit Size: 736 SF

  • Avg. Unit Rent: $892

  • Number of Buildings: 3 Residential & 4 Garage Buildings

  • Number of Stories: 3

  • Parcel Size: 2.53 acres (all 3 parcels)

Listing Contacts

RH
IA S66838000
CBRE - Des Moines
CM
IA S72227000, SD 21369
CBRE - Des Moines
CF
IA S63632000
CBRE - Des Moines
Listed by CBRE - Des Moines

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Additional Information

Name
Ray Hamilton
License
S66838000
Brokerage Phone
440-539-5496
Name
Clark Matthews
License
S72227000
Brokerage
CBRE
Title
Senior Associate
Brokerage Address
595 South 60th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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