$1,357,500
$1,000,000
35.8%For more information regarding the value of a property, please contact us for a free consultation.
14 Beds
8 Baths
9,818 SqFt
SOLD DATE : 12/20/2024
Key Details
Sold Price $1,357,500
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 9,818 sqft
Price per Sqft $138
MLS Listing ID 700116
Sold Date 12/20/24
Bedrooms 14
Full Baths 8
HOA Y/N No
Year Built 1912
Annual Tax Amount $10,934
Lot Size 0.501 Acres
Acres 0.501
Property Sub-Type Apartment
Property Description
Welcome to the Wright Apartments. An exceptional investment opportunity in the heart of the
highly sought after Ingersoll & Grand Corridor, one of the most coveted locations in the Des Moines metro.
This historic property features a 10,653 SF building with 8 units, including six large 2-bedroom units and
two 1-bedroom units, offering an ideal mix of living spaces. Many updates have been made to the units,
enhancing their appeal and marketability. The potential for the 2-bedroom units to be easily converted to
3-bedroom units adds further flexibility and value to this remarkable investment.
Built in 1912 and zoned MX2, this property offers a unique blend of historical charm and modern
development opportunities. With 50% occupancy and a brand new $50k boiler, there's significant room for
immediate upside. Don't miss out on the chance to add this distinctive, well-located property to your portfolio and capitalize on the burgeoning multifamily and low-rise/garden investment market in the Des Moines area.
Location
State IA
County Polk
Area Des Moines West
Zoning MX2
Rooms
Basement Finished, Unfinished
Interior
Heating Hot Water, Natural Gas
Cooling Window Unit(s)
Furnishings Unfurnished
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Asphalt,Shingle
Private Pool No
Building
Lot Description Rectangular Lot
Foundation Block
Sewer Public Sewer
Water Public
Schools
School District Des Moines Independent
Others
Tax ID 09007912000000
Monthly Total Fees $911
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2025 Des Moines Area Association of REALTORS®. All rights reserved.
Bought with CHASE Collective
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "