$415,000
$425,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
6 Baths
3,330 SqFt
SOLD DATE : 05/16/2025
Key Details
Sold Price $415,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,330 sqft
Price per Sqft $124
MLS Listing ID 713340
Sold Date 05/16/25
Style Two Story
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 1964
Annual Tax Amount $5,597
Lot Size 7,187 Sqft
Acres 0.165
Property Description
This all-brick, 6-unit building presents a unique investment opportunity in a prime location just 6 minutes from Downtown Des Moines, 4 minutes from the Iowa State Fairgrounds, and within walking distance to Grandview Golf Course and Park. Each unit is fully occupied, renting for $725/month, with additional income from a coin-operated laundry (~$70/month). Recent updates include a new boiler in 2019, a new roof in 2020, a security camera system in 2022, new water heaters in 2023, and updated electrical panels in 2024. With strong rental income, a fantastic location, and valuable improvements, this property is an excellent addition to any investor's portfolio. Pre-approval is required before showings.
Location
State IA
County Polk
Area Des Moines N.East
Zoning R1-80
Interior
Heating Baseboard, Electric, Forced Air, Gas
Cooling Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Asphalt,Shingle
Private Pool No
Building
Entry Level Two
Foundation Block, Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Des Moines Independent
Others
Tax ID 06007617000000
Monthly Total Fees $466
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with EXP Realty, LLC
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