Ruby Rose Townhomes_Property for Sale
Ruby Rose Townhomes_Property for Sale

Ruby Rose Townhomes

2513 East 50th Street, Des Moines, IA, 50317, US

Description

JLL (“Jones Lang LaSalle”) is delighted to introduce Ruby Rose Townhomes, a 65-unit forward sale Build-to-Rent community located in Des Moines, IA. This opportunity presents a chance to acquire a full BTR community before construction, potentially capitalizing on the growing demand for single-family rentals in the outlying Des Moines suburban markets. Ruby Rose Townhomes resides in a fast-developing Northeast pocket of Des Moines within the larger Polk County.


Ruby Rose construction is set to begin in August of 2025. The Townhomes will offer 65 spacious 3 and 4 bedroom luxury homes, featuring attached 2-car garages, representing the latest in build-to-rent developments built by the nation’s largest homebuilder. With strong household income and elevated home values in the surrounding area, this flagship community offers and compelling discount to home ownership, while maintaining significant future rent growth potential.


Strategically nestled on NE 23rd Ave in outlying Des Moines, residents easy access to nearby interstates, providing excellent access to local amenities and the greater Des Moines area. Ruby Rose residents are part of the highly regarded Southeast Polk County School District, which includes the high-ranking Southeast Polk High School. Since 2010, Des Moines has experienced 18%+ population growth and is continuing to grow. An attractive blend of scenic beauty, convenient location near employment hubs, diverse amenities, and welcoming atmosphere positions Des Moines as a thriving and increasingly desirable community.


Ruby Rose offers investors an exceptional opportunity to acquire a Build-to- Rent asset pre-construction in the fast growing Des Moines. This unbeatable opportunity is available on a free and clear basis.


Iowa Licensee:

Michael Minard

Senior Vice President

563.508.4649

Michael.Minard@jll.com

IA License #: S42639000

...

Attributes

Year built
2025
Number of units
65
Rentable area
98,970 sf

Media

Investment Highlights

Best-In-Class, Institutional Quality Construction


Zoned to Southeast Polk County School

  1. “B+” Rating from Niche.com


Strong Surrounding Demographics

  1. $440,000 Average Home Value
  2. $115,000 Average Household Income Within a 1-Mile Radius


Differentiated Product Type

  1. Expertly constructed 3 and 4 bedroom smart homes by the nation’s largest homebuilder, DR Horton.


Significant Discount to Equivalent Home Ownership

  1. 50% Cheaper to Rent Than Purchase
  2. ~$440k Home


Premier Location with Surrounding Demand Drivers

  1. Proximate to Retail, Parks, and Entertainment
  2. 18%+ Population Growth Since 2010


Strong Submarket Performance and Outlook

  1. 95.1% Projected 5 Year Occupancy
  2. 3.0% Projected Rent Growth for 2025
  3. 4.5% 3 Year Historical Rent Growth


Ruby Rose Townhomes 4_Property for Sale
Ruby Rose Townhomes 4_Property for Sale

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Ruby Rose Townhomes (0 Properties)

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Last updated
22 Jul 2025