CBRE is pleased to offer the opportunity to acquire Village on State Apartments, a well-maintained 32-unit multifamily community located in the thriving city of Ankeny, Iowa. As the largest suburb of Des Moines, Ankeny boasts a population of over 76,000 and has experienced rapid growth—more than doubling since 2000—making it one of the fastest-growing cities in the nation. Strategically positioned just off State Street, the property offers convenient access to Ankeny Centennial High School, Prairie Ridge Sports Complex, John Deere Des Moines Works, and a variety of retail, dining, and recreational amenities. Village on State Apartments consists of four buildings built in 1971-1972 and features all 2-bedroom, 1-bath floor plans. Address: 206, 210, 214 & 218 State Street, Ankeny, IA 50023 List Price: $2,500,000 Year Built: 1971 - 1972 Number of Units: 32 Unit Mix: All 2 BR/1BA Total Rentable SF: 25,600 Avg. In Place Rents: $827 Number of Buildings: 4 Number of Stories: 2 Parking: Surface Laundry: 1 set of washer/dryer per building (4 sets total); contract with BDS Heating: Boiler (1 per building) Cooling: Sleece A/C units Water Heater: Common (1 per building) Appliance Package: Fridge and stove CLICK HERE FOR MORE INFORMATION: https://www.cbredealflow.com/buyer/agreement?pv=7J-zjV01k9SekpMFpBQwgEt9JVuUWblKtMJieTZyvU7y-G46v2kX5LRR_m0QxNDA