$405,000
$405,000
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6 Beds
4 Baths
2,428 SqFt
SOLD DATE : 08/30/2024
Key Details
Sold Price $405,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,428 sqft
Price per Sqft $166
MLS Listing ID 700236
Sold Date 08/30/24
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1904
Annual Tax Amount $5,103
Lot Size 6,403 Sqft
Acres 0.147
Property Description
This property had a complete overhaul in 2022, completely gutting all units and replacing everything inside and out. All new separated heat, electric and plumbing. All new Mechanicals, New siding, windows, roof, porch. Everything!
Property has security system in place. Coin-op laundry in basement common area.
Also a storage space that could be tapped for even more income.
All units currently occupied and cashflowing.
Building is 3 blocks from Drake University campus. Blocks from many restaurants and entertainment, making this site incredibly walkable. 5 blocks from Interstate 235 and about a mile from downtown.
Directly in the center of the metro, making commuting anywhere a breeze. Plenty of off -street parking for tenants.
Drake University area boasts a large Graduate Student population with obvious benefits, but the Drake neighborhood pulls tenants from much more than just the University. Location so close to downtown, close to Interstate and amazing walkability.
Value Add: Room to increase rents, add basement storage, allow pets for additional income.
Location
State IA
County Polk
Area Des Moines West
Zoning R1-60
Rooms
Basement Unfinished
Interior
Heating Baseboard, Electric, Forced Air, Gas, Natural Gas
Cooling Window Unit(s)
Furnishings Unfurnished
Fireplace No
Appliance Dryer, Dishwasher, Refrigerator, Stove, Washer
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Asphalt,Shingle
Private Pool No
Building
Lot Description Rectangular Lot
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Schools
School District Des Moines Independent
Others
Tax ID 03001471000000
Monthly Total Fees $425
Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
Financing Conventional
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