Twin City Apartments | 3209 Renner Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Twin City Apartments 3209 Renner Dr
60 Unit Apartment Building $6,300,000 ($105,000/Unit) Council Bluffs, IA 51501
Investment Highlights
- 60-unit complex on 6.84 acres in prime location near Lewis Central Elementary.
- Potential for expansion with additional buildings, garages, or storage units.
- 7 buildings with diverse floor plans: 1, 2, and 3-bedroom units.
- Ability to increase rents due to high demand for the units.
Executive Summary
This 60 unit apartment complex is is situated on 6.84 acres in a phenominal location right across the street from the Lewis Central elementary school in the Twin City neighborhood! The property offers 7 multi-unit buildings with floor plans including 8 ranch style 1-bedroom units, 28 2-bedroom row-home units and 24 3-bedroom row-home units. The large lot has a lot of additional land giving you room to possibly add another building, or add garages or storage units in the future! There is also a large garage on the property that is used as a maintenance shed and has a coin-operated laundry facility in the rear for additional income to the owner. With this fabulous location there is high demand for these units, and upside potential to increase rents.
Property Facts
| Price | $6,300,000 | Building Class | C |
| Price Per Unit | $105,000 | Lot Size | 6.84 AC |
| Sale Type | Investment | Building Size | 53,232 SF |
| No. Units | 60 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1969/2020 |
| Apartment Style | Garden | Parking Ratio | 1.5/1,000 SF |
| Price | $6,300,000 |
| Price Per Unit | $105,000 |
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.84 AC |
| Building Size | 53,232 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2020 |
| Parking Ratio | 1.5/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Refrigerator
- Carpet
- Freezer
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 700 |
| 2+1 | 28 | - | 800 |
| 3+1 | 24 | - | 900 |
PROPERTY TAXES
| Parcel Number | 7444-10-352-002 | Improvements Assessment | $2,777,000 |
| Land Assessment | $805,000 | Total Assessment | $3,582,000 |
PROPERTY TAXES
Parcel Number
7444-10-352-002
Land Assessment
$805,000
Improvements Assessment
$2,777,000
Total Assessment
$3,582,000
zoning
| Zoning Code | R-3 |
| R-3 |
1 of 40
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Twin City Apartments | 3209 Renner Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.