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$350,000   Price Analysis
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833 E University Ave
Des Moines, IA 50316
0 bed 6 bath unknown SqFt ($0/SqFt)
5,049SqFt lot. Built 1925
Listed 2023-10-18, Taxes $3,546
Ⓧ USDA Ineligible
due to location

near Des Moines

6 Plex Conversion on a bustling street for sale.

* Sale Pending *

Investment property available for sale. This is a extraordinary building that has been historically fully occupied. Its a mixed use building with 5 apartment and 1 comm ercial unit. Potential upside on rent as some are below market rent.

Will be great for owner user or an aspiring investor. Please see attachments for Rent Roll and YTD Financials and possible owner finance option with premium on price but lower than the bank interest rate. Listing Agent hs interest in the Property


Presented by Adam Metzker at
Realty Concepts.


Property MLS #683922 from DesMoines

Bedrooms: 0

Total Bathrooms: 6.00
Full Bathrooms: 6
Full Bathrooms On Level 1: 3
Full Bathrooms On Level 2: 1
Full Bathrooms On Level 3: 1

Fridges Total: 5
Stoves Total: 5

Lot Size Acres: 0.1159
Lot Size Square Feet: 5049

School District: Des Moines Independent

Carver Elementary School is a public elementary school located approximately 0.2 miles away.
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East High School is a public high school located approximately 0.4 miles away.
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Hiatt Middle School is a public middle school located approximately 0.5 miles away.
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Holy Family School is a private elementary and middle school located approximately 0.2 miles away.
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Number of Studio Units: 1
Number of 1 Bedroom Units: 3
Number of 2 Bedroom Units: 1
Number of 3 Bedroom Units: 1
Full Bathrooms in the Studio Units: 1

Annual Tax Amount: 3254.47
Source Listing Status: Pending
County: Polk
Directions: Go east on university
Tax Year: 2023
Source Property Type: Multi-Family
Area: Des Moines East
Source Neighborhood: Des Moines East
Parcel Number: 040-01023000000
Zoning: MX2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$112,100 + $22,300
$134,400
$3,546
2021$29,820 + $7,580
$37,400
$3,280
2020$29,400 + $6,900
$36,300
$3,608
2019$29,400 + $6,900
$36,300
$3,252
2018$27,030 + $6,970
$34,000
$3,390
2017$27,030 + $6,970
$34,000
$3,292
2016$21,960 + $5,750
$27,710
$3,330
2015$64,600 + $16,900
$81,500
$3,110
2014$55,600 + $16,900
$72,500
$3,242
2013$55,600 + $16,900
$72,500
$3,400
2012$55,600 + $16,900
$72,500
$3,372
2011$55,600 + $16,900
$72,500
$3,508
2010$59,400 + $16,900
$76,300
$3,454
2009$59,400 + $16,900
$76,300
$3,450
2008$59,400 + $16,900
$76,300
$3,474
2007$59,400 + $16,900
$76,300
$3,502

Sold 2023-12-04
$360,000
Public Record
Price Changed 2023-10-19
$350,000
DesMoines
Listed 2023-10-18
$325,000
DesMoines
Sold 2021-09-03
$174,000
Public Record
Sold 2017-02-17
$174,000
Public Record
Listing removed 2016-11-01
$179,900
DesMoines
Price Changed 2016-10-02
$179,900
DesMoines
Price Changed 2016-09-15
$189,900
DesMoines
Listed 2016-06-24
$215,000
DesMoines
Sold 1991-12-10
$50,000
Public Record

Year Built: 1925
Property Age: 98
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house_viewhouse_viewhouse_viewunknownlaundry_room
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.