4 Beds
5 Baths
2,522 SqFt
4 Beds
5 Baths
2,522 SqFt
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,522 sqft
Price per Sqft $130
MLS Listing ID 733321
Style Two Story
Bedrooms 4
Full Baths 3
Three Quarter Bath 2
HOA Y/N No
Year Built 1895
Annual Tax Amount $4,599
Lot Size 9,888 Sqft
Acres 0.227
Property Description
The property features four 1-bedroom units and one efficiency, with current rent levels positioned for strong cash flow:
Unit 1: $800
Unit 2: $675
Unit 3: $500
Unit 4: $550
Unit 5: $800
Recent system improvements include a conversion to electric heat (previously dual furnaces). Tenants pay their own electric, with separate meters already in place. Landlord expenses are limited to water, house electric, and gas for the water heater, supporting favorable operating margins.
Additional income and value features include:
Coin-operated laundry in the basement
2-car detached garage
Extra storage in the unfinished attic and basement
This property is well-suited for investors seeking a low-turnover asset with multiple income streams, clean utility separation, and long-term hold potential in a proven rental location.
Schedule a showing to review the numbers and evaluate the upside in person.
Location
State IA
County Polk
Area Des Moines West
Zoning R1-60
Rooms
Basement Egress Windows
Interior
Heating Baseboard, Electric, Forced Air, Gas, Natural Gas
Cooling Window Unit(s)
Flooring Carpet, Laminate
Furnishings Unfurnished
Fireplace No
Appliance Dryer, Microwave, Refrigerator, Stove, Washer
Exterior
Parking Features Detached, Garage, Two Car Garage
Garage Spaces 2.0
Garage Description 2.0
Community Features Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Asphalt,Shingle
Private Pool No
Building
Entry Level Two
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Des Moines Independent
Others
Tax ID 09003675000000
Monthly Total Fees $383
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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