$1,790,000 Price Analysis    ♡   Des Moines, IA 50315 0 bed 24 bath 14,256 SqFt ($125/SqFt) 0.65 acre lot. Built 1971 Listed 2024-06-26, Taxes $30,850 | Ⓧ USDA Ineligible due to price & location near Des Moines |
Presenting the Southview Apartment Complex on Des Moines' SE side.
This 24-unit property features all 1 bed/ 1 bath units, perfect for steady rental demand. Nestled on a quiet street, residents enjoy easy access to public transportation and the convenience of two dedicated parking lots, eliminating the hassle of street parking.
Consistent rental history and untapped potential for income growth. Current rents are 4% below market value, providing a lucratve opportunity for increased returns. Don?t miss out on this chance to enhance your investment portfolio with a solid and promising asset.
Presented by Brett Fine at
RE MAX Concepts.
Property MLS #697989 from DesMoines
Full Bathrooms: 24
Full Bathrooms On Level 1: 24
Heating Features: Electric Baseboard
Lot Size Square Feet: 28314
Number of 1 Bedroom Units: 24
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Polk
Directions: SE 14th to Watrous. West On Watrous to SE 13th. South on 13th.
Source Property Type: Multi-Family
Inclusions: Refrigerator, Stove
Area: Des Moines S.East
Source Neighborhood: Des Moines S.East
Parcel Number: 12002670003002
Zoning: C-2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,015,000 + $105,000 $1,120,000 | $30,850 |
| 2021 | $1,015,000 + $105,000 $1,120,000 | $27,502 |
| 2020 | $825,900 + $95,100 $921,000 | $30,890 |
| 2019 | $825,900 + $95,100 $921,000 | $27,090 |
| 2018 | $669,900 + $95,100 $765,000 | $28,814 |
| 2017 | $669,900 + $95,100 $765,000 | $27,078 |
| 2016 | $612,000 + $79,000 $691,000 | $28,234 |
| 2015 | $612,000 + $79,000 $691,000 | $26,388 |
| 2014 | $536,000 + $79,000 $615,000 | $27,500 |
| 2013 | $536,000 + $79,000 $615,000 | $28,840 |
| 2012 | $536,000 + $79,000 $615,000 | $28,610 |
| 2011 | $536,000 + $79,000 $615,000 | $36,532 |
| 2010 | $709,000 + $85,500 $794,500 | $35,976 |
| 2009 | $709,000 + $85,500 $794,500 | $35,930 |
| 2008 | $709,000 + $85,500 $794,500 | $36,178 |
| 2007 | $709,000 + $94,000 $803,000 | $35,752 |
$1,790,000
DesMoines
Sold 2022-11-09
$1,300,000
Public Record
Sold 2011-02-01
$410,000
Public Record
Listing removed 2010-09-13
$749,900
DesMoines
Sold 2010-05-07
$100,000
Public Record
Listed 2010-04-13
$749,900
DesMoines
Listing removed 2010-04-12
$749,900
DesMoines
Listing removed 2009-10-17
$749,900
DesMoines
Listed 2009-10-12
$749,900
DesMoines
Listed 2009-05-14
$749,900
DesMoines
Sold 2007-12-31
$125,000
Public Record
Sold 2000-03-28
$582,500
Public Record
Sold 1994-02-10
$340,000
Public Record
Sold 1989-09-28
$317,500
Public Record
Year Built: 1971
Building Exterior Type: Brick, Vinyl Siding
Foundation Details: Concrete Block
Property Age: 53
Roof: Asphalt Shingle
Total Area Sqft: 14256
Water Source: City
 |  |  |  |  |
 |  |  |  |  |
 | ||||
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.