3500 Grand Ave, Ames, IA 50010 For Sale

CBRE is exclusively offering the opportunity to acquire Riverview Apartments, a 43-unit well-maintained apartment community located in Ames, Iowa. Ames is a thriving city in the heart of the Midwest with a population of over 65,000. Ames is home to Iowa State University, a member of the Big 12 Conference, with

2025 enrollment just over 31,000 students. Located 30 miles north of Des Moines, Ames is strategically situated at the intersection of Interstate 35 and Highway 30.

Strategically positioned just off a major Ames thoroughfare, Grand Ave (Highway 69), Riverview Apartments is within walking distance to Walmart Supercenter, Dairy Queen, Casey’s, Subway, Northern Lights Retail Center, and North Grand Mall, which is home to a variety of retail, entertainment, dining, and service options.

Address: 3500 Grand Ave, Ames, IA 50010

List Price: $2,850,000

Cap Rate: 7.78%

Number of Units: 43

Unit Mix: 21-1BR/1BA; 22-2BR/1BA

Total Building SF: 39,180

Avg. In Place Rent: $857

Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=UUKf-62nN7ZG4JOcWqnArMSTIWP3ivHLB-riFPJHU0WFASnJurkLFcfYd_1vnUSh