16300 Northpark Dr, Waukee, IA 50263

Urbandale, IA. is part of the Des Moines–West Des Moines Metropolitan Statistical Area. Primarily a residential area supporting the explosive western Des Moines area job growth throughout Johnston, Waukee, Grimes, Adel West Des Moines and Clive, IA. The development is located at the intersection of two main traffic corridors. This Build For Rent (BFR) investment opportunity consists of minimum of 50 fee simple lots to be built as Single Family Residential Rental properties. The Rental subdivision can allow for many more homes if investors chooses, up to 300 total. The rental subdivision is located in Urbandale, Iowa, which is an expanding submarket in the West Des Moines region. These quality new build homes for rental investment features an opportunity for Buyer to work with Builder to determine the final floor plan mix & finish level to maximize your return on the investment portfolio. The insurance, financial industry and technology has fueled constant growth in the region for several decades creating increased household formation. Year over Year Median List Sale Price Increase +15.8%. Build For Rent (BFR) properties offer almost no capital expenditures for several years after occupancy. The Developer/Builder here has over 30 years of National Home Building experience and is well known for quality & efficiency. Currently there are several different floor plans being ordered ranging in size from 1,580/sf - 2,136/sf (Design, size and number of homes is subject to change); rental rates range from $1,825 to $2,350 per month for these beautiful homes. Pre-lease the homes for closing at Certificate of Occupancy creating an immediate cash flow and return on your investment from day one!