1002-1004 SE Belmont Dr
Property Description
STRONG DEMOGRAPHICS AND MARKET FUNDAMENTALS Within a five-mile radius, the average household income exceeds $113,000, and the average home value is approximately $284,000, reflecting exceptional local purchasing power. Supported by the #1-ranked Ankeny Community School District and a multifamily market with occupancy levels around 95%, Ankeny offers investors a stable, high-demand environment with strong rent growth potential. SCALABLE GROWTH OPPORTUNITY The offering presents the ability to add 100 multifamily units to an investors portfolio, providing a rare opportunity to scale within one of Iowa’s strongest suburban submarkets. Buyers can further enhance operations by implementing their own management practices to drive efficiencies and unlock performance upside. VALUE-ADD POTENTIAL Approximately 50% of existing units remain in classic condition, offering investors the ability to systematically renovate interiors and capture significant rental premiums. Proven rent differentials on upgraded units demonstrate clear potential to reposition the asset toward market rents and maximize long-term yield.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 100 |
| Year Built: | 1975 |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1825 S Crawford Road
Mt Pleasant, Michigan
1825 S Crawford Road
Mt Pleasant, Michigan
1825 S Crawford Road
Mt Pleasant, MichiganBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout