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Trilein Village Apartments 317 NE Trilein Dr 54 Unit Apartment Building For Sale Ankeny, IA 50021
Investment Highlights
- Ankeny ranked #1 in Best Places to Live in Iowa
- $35,000 value-add potential by renovating the remaining 25 classic units
- 29 of the 54 units have been renovated
Executive Summary
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
• 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
Property Facts
| Sale Type | Investment | Lot Size | 2.53 AC |
| No. Units | 54 | Building Size | 42,588 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low-Rise | Parking Ratio | 1.48/1,000 SF |
| Building Class | C | ||
| Zoning | R-3 | ||
| Sale Type | Investment |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.53 AC |
| Building Size | 42,588 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Tenant Controlled HVAC
- Online Services
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 400 |
| 1+1 | 15 | - | 650 |
| 2+1 | 36 | - | 800 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $3,725,000 | |
| Land Assessment | $405,000 | Total Assessment | $4,130,000 |
Property Taxes
Parcel Numbers
Land Assessment
$405,000
Improvements Assessment
$3,725,000
Total Assessment
$4,130,000
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Trilein Village Apartments | 317 NE Trilein Dr
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