Map of Property

Legacy Apartments

3610 Twana Drive, Des Moines, IA 50310

  • For Sale Contact for pricing
  • Property Type Multi-Family
  • Property Size 138,447 SF
  • Units 168
  • Lot Size 7.21 Acre
  • Cap Rate % 4.1
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1973
  • Date Updated Nov 4, 2024

Attractive Assumable Debt at 4.1% Fixed Rate

14%+ Annual Revenue Upside via Capturing Economic Vacancy

Major Operational Expense Upside | 60% Expense Ratio 

CBRE is pleased to present the opportunity to acquire Legacy Apartments, a 168-unit Garden-Style apartment community in Des Moines, Iowa, currently at 96.4% occupancy. Legacy apartments is being offered with attractive assumable debt at 4.1% fixed rate.  

Built in 1973, the property includes 138,477 square feet of rental space amongst 7 buildings. Legacy Apartments has a desirable unit mix featuring 6 studios, 54 one-bedroom apartments, 105 two-bedroom apartments, and 3 three bedroom apartments. Ideally situated on over 7.2 acres, this well-maintained, lushly wooded community exudes a tranquil ambiance featuring an outdoor pool, clubhouse with fitness center, two sauna’s, grilling stations, pet stations, exterior garages and more to exceed the needs of its residents. Substantial capital improvements have been made, and the property is well-maintained, yet opportunities to command even higher rent premiums exists and The Legacy Apartments is primed for value add.

 

Greater Des Moines is the fastest-growing major Midwest metro in percentage of population growth, according to the 2022 estimates released by the U.S. Census Bureau. Des Moines continues to flourish as business growth has remained strong. New companies are investing and growing in Des Moines, creating new jobs, opportunities, and a strong economic environment.

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Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Shana Patrick Is this you?

CBRE

broker

Max Colby Is this you?

CBRE

Location

Getting Around

  • Walk Score ®

    18/100 Car-Dependent

  • Transit Score ®

    33/100 Some Transit

  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Des Moines, IA
  • Neighborhood Lower Beaver
  • Zip Code 50310
  • Market Des Moines

Points of Interest

  • Git N Go

    0.79 miles

  • Casey's General Store

    1.56 miles

  • QuikTrip

    1.65 miles

  • BP

    1.70 miles

  • Kum & Go

    1.75 miles

  • Hy-Vee Gas

    1.86 miles

  • Tesla Supercharger

    2.57 miles

  • ChargePoint Charging Station

    4.00 miles

  • Ashworth Plaza

    7.37 miles

  • Greenlots

    9.55 miles

  • Trestle to Trestle Trail Parking

    0.62 miles

  • Lot 17

    2.42 miles

  • Lot 33

    2.42 miles

  • Lot 18

    2.42 miles

  • Lot 4

    2.43 miles

  • Lot 3

    2.47 miles

  • Lot 22

    2.48 miles

  • Lot 29

    2.50 miles

  • Olin Lot

    2.56 miles

  • Lot 25

    2.61 miles

  • Royal Motel

    0.67 miles

  • Econo Lodge Inn & Suites Des Moines

    1.62 miles

  • American Inn & Suites

    1.63 miles

  • Days Inn Des Moines Merle Hay

    1.65 miles

  • Quality Inn & Suites

    1.72 miles

  • Holiday Inn Hotel & Suites Des Moines - Northwest

    1.80 miles

  • Super 8 Urbandale/Des Moines Area

    1.83 miles

  • Ramada Tropics Resort & Conference Center

    1.84 miles

  • AmericInn Hotel & Suites Johnston

    1.96 miles

  • Hickman Motor Lodge

    2.69 miles

  • Domino's

    0.72 miles

  • Taste of China

    0.82 miles

  • Pizza Hut

    0.82 miles

  • Babylon Grill

    0.88 miles

  • Taco Casa

    1.11 miles

  • Donut Hut

    1.21 miles

  • Subway

    1.22 miles

  • Christopher's

    1.29 miles

  • Parlor

    1.33 miles

  • Michael's Pizza

    1.42 miles

  • Samuelson Elementary School

    0.28 miles

  • Woodlawn Education Center

    0.40 miles

  • Herbert Hoover High School

    0.97 miles

  • Holy Trinity School

    1.24 miles

  • Moore Elementary School

    1.30 miles

  • Des Moines Public Schools Bus Garage

    1.65 miles

  • Monroe Elementary School

    1.74 miles

  • Jensen Elementary School

    1.93 miles

  • Hillis School

    2.11 miles

  • Saint Pius X School

    2.17 miles

  • Wonder Years Academy

    0.98 miles

  • ChildServe Childcare Center

    2.33 miles

  • Generation Next Child Development Center and Preschool

    2.67 miles

  • Loving Arms Childrens Center

    2.93 miles

  • Child Development Center

    3.11 miles

  • ChildServe Woodland Center

    3.61 miles

  • Klassic Kids

    3.67 miles

  • Apple Tree Children's Center

    3.78 miles

  • Childtime of Des Moines

    3.87 miles

  • Principal Child Development Center

    3.88 miles

Frequently Asked Questions

How much does Legacy Apartments cost?

The sale price for Legacy Apartments is available upon request. Contact the listing broker for more information.

What is the total square footage of Legacy Apartments?

Legacy Apartments totals 138,447 square feet.

When was this property built?

Legacy Apartments was built in 1973.

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Contact Legacy Apartments