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Brenda Zobel-Moody

brendazmrealty@gmail.com +1(515) 238-8413

$ 620,000

Est. payment | -/mo

10 Beds

9 Baths

4,858 SqFt

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$ 620,000

Est. payment | -/mo

Save

10 Beds

9 Baths

4,858 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,858 sqft

Price per Sqft $127

MLS Listing ID 744968

Style Two Story

Bedrooms 10

Full Baths 9

HOA Y/N No

Year Built 1926

Annual Tax Amount $8,652

Lot Size 0.360 Acres

Acres 0.36

Property Description

Built for cash flow and positioned for long-term upside, this 9-unit apartment building in Des Moines' historic River Bend neighborhood offers an attractive opportunity for investors seeking immediate income. The property features eight 1-bedroom units and one 2-bedroom unit and is currently fully rented aside from one unit, providing strong in-place occupancy with an opportunity to lease the remaining space. Current performance exceeds the 1% rule, making this a compelling addition to an investment portfolio. Residents enjoy a beautiful courtyard and outdoor common area, while newer concrete work at the entrance adds to the property's curb appeal and functionality. A 2-car garage and additional basement storage provide further value and operational flexibility. Conveniently located near downtown Des Moines, employment centers, transit, and neighborhood amenities, 1940 Arlington Avenue combines dependable rental income, desirable unit mix, and future potential in an established urban neighborhood.

Location

State IA

County Polk

Area Des Moines N.West

Zoning Res

Rooms

Basement Unfinished

Interior

Heating Hot Water, Natural Gas

Cooling Window Unit(s)

Flooring Carpet, Vinyl

Fireplace No

Exterior

Parking Features Detached, Garage, Two Car Garage

Garage Spaces 2.0

Garage Description 2.0

Utilities Available Electricity Available, Natural Gas Available, Water Available

Roof Type Asphalt,Shingle

Private Pool No

Building

Lot Description Rectangular Lot

Entry Level Two

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Des Moines Independent

Others

Tax ID 03549001000

Monthly Total Fees $721

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Keller Williams Legacy Group

Schools and Properties Nearby

Learn More About LPT Realty

Brenda Zobel-Moody

brendazmrealty@gmail.com

+1(515) 238-8413

Ankeny, IA 50023, USA

1940 Arlington Avenue Des Moines, IA 50314

Brenda Zobel-Moody

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Learn More About LPT Realty

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1940 Arlington Avenue