210 Wilson St - Apartments FOR SALE


Van Meter, IA 50261
$2,400,000 USD
515-729-1004
210 Wilson St, Van Meter, IA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/21
null | 6.21% Cap Rate

210 Wilson St
Van Meter, IA 50261


HIGHLIGHTS

  • Private Cul-de-sac
  • Includes pad site with underground utilities completed for 10 additional townhomes
  • Tenants pay water, sewer, trash and electric - Landlord only pays internet
  • High-end in-unit finishes requiring little upgrade investment
  • Private driveways and deep two-garage garage for each townhome
  • Across from K-12 School

OVERVIEW

Providence Lane Townhomes offers investors the opportunity to acquire a high-quality rental asset in a market supported by desirable demographics and long-term growth potential. Located in Van Meter, Iowa—one of the Des Moines metro's highly sought-after communities—the property benefits from a combination of excellent schools, limited rental competition, and proximity to major employment centers, all of which contribute to sustained rental demand. Providence Lane Townhomes directly serves this demand by offering spacious 3 bedroom / 2.5 bathroom floor plans, ample storage, washer/dryer, private deck, attached two-car garages, private entrances, and functional layouts that support long-term tenant retention and satisfaction. Located in a cul-de-sac and just steps from K-12 school, these homes are in a location that is difficult to replicate. In addition to the townhomes, there is a 3-bedroom/2-bathroom single family home on the property, as well as a pad lot for 10 additional townhomes (construction drawings available), where underground utilities are already complete. From a market perspective, Van Meter and the surrounding Dallas County area continue to experience population growth driven by the expansion of the Des Moines metropolitan region. Major employers, retail centers, and entertainment destinations in West Des Moines and Waukee are located within a short commute, allowing residents to enjoy the benefits of a small-town community without sacrificing access to employment and amenities. The combination of a desirable location, strong tenant appeal, quality construction, and favorable market dynamics creates an investment opportunity that is designed to produce both stable returns and long-term wealth creation. For investors seeking a durable, income-producing asset in one of Central Iowa's strongest residential markets, Providence Lane Townhomes represents an opportunity to capitalize on the enduring demand for quality housing in a growing community.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

10

PRICE/UNIT

$240,000

CAP RATE

6.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Providence Lane Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

R3

APN/PARCEL ID

15-28-232-017

ASK ABOUT THIS PROPERTY

Abbey GilroyCoterie Real EstateMore Info
515-729-1004

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Abbey GilroyCoterie Real EstateMore Info
515-729-1004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.