Trilein Village Apartments
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)
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