- Premium Asset W/ High-Quality 2020-2022 Construction
- Exceptional Lease-Up Velocity & Additional Upside Opportunity
- Additional 31 Garage Units Slated for Summer 2022 Delivery
- Strategic Location Proximate to Area Demand Drivers
- Proximate to Des Moines, IA | Less Than 1 Hour North of the Msa
- Offered Free and Clear of Existing Debt
Premium New Construction with Great Basis
The Allure at Rivers Edge features exceptionally high-quality, brand-new construction that offers an ultra-desirable opportunity for a new investor. The first phase of the project was comprised of 30 units delivered in 2020, and the second phase—which includes an additional 30 units and 31 garages—is slated for completion this summer.
Completely turnkey and maintenance-free, the property offers modern interior finishes including plank flooring, central air and heating, ultra-high ceilings, ceiling fans and ample storage space throughout. With an open floorplan concept, tenants enjoy spacious units that comes equipped with walk-in closets and in-unit washers and dryers.
Exceptional Lease-Up Velocity & Opportunity for Additional Upside
Delivered in 2020, The Allure at Rivers Edge experienced a remarkable lease-up period, which is a clear nod to the asset’s desirability! Unique and modern, this new apartment community located in a low-competition market offers the opportunity for additional upside with the delivery of 31 new garage units this summer. Further, rental rates have increased since the completion of phase one and are expected to maintain momentum for the foreseeable future.
Strategic Location | Immediate Access to Top Demand Drivers
Ideally situated in Webster City along the banks of the Boone River in North Central Iowa, The Allure at Rivers Edge provides residents with immediate access to the area’s top demand drivers. It’s proximate to top employers including the Hamilton County Court House and Van Diest Medical Center, and also offers easy access to the downtown area which is filled with beautiful streetscapes and historic charm.
Located on U.S. Highway 20, Webster City is just a few minutes from I-35. It’s also roughly 20 miles west of Fort Dodge, which is a major economic hub for the region that encompasses nine communities in a trade area with a population of 125,000.