3500 Grand Ave Ames, IA 50010

CBRE is exclusively offering the opportunity to acquire Riverview Apartments, a 43-unit well-maintained apartment community located in Ames, Iowa. Address: 3500 Grand Ave, Ames, IA 50010 List Price: $2,850,000 Cap Rate: 7.78% Number of Units: 43 Year Built: 1977 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 More Less 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. 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. New roof in 2023 New siding in 2023 Around 50% of units have been renovated Unit Mix: 21-1BR/1BA; 22-2BR/1BA