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$209,990   Price Analysis
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1642 E Grand Ave
Des Moines, IA 50316
0 bed 3 bath 2,444 SqFt ($85/SqFt)
5,271SqFt lot. Built 1882
Listed 2024-04-09
Ⓧ USDA Ineligible
due to location

near Des Moines

Great cash-flowing investment opportunity!

Tri-plex with current rentl certificate. Currently Unit 3 is vacant but rents are, $800 for Unit 1, $800 for Unit 2 and $700 for Unit 3.

All appliances are included and washer and dryer is shared by tenants and is located in the basement. There is a shared lot for parking with alley access.


Presented by Bethany Cochran at
RE MAX Concepts.


Property MLS #692911 from DesMoines

Bedrooms: 0

Total Bathrooms: 3.00
Full Bathrooms: 3
Full Bathrooms On Level 1: 2
Full Bathrooms On Level 2: 1

Fridges Total: 3
Stoves Total: 3
Laundry Features: 1

Cooling Features: Window Unit
Heating Features: Gas Forced Air

Basement Description: Unfinished

Lot Size Acres: 0.121
Lot Size Dimensions: 35X150
Lot Size Square Feet: 5271

Gross Scheduled Income: 2300

Number of Units: 3
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 1

School District: Des Moines Independent

Capitol View 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 0.5 miles away.
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Hiatt Middle School is a public middle school located approximately 0.6 miles away.
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The Keystone School is a private middle and high school located approximately 0.4 miles away.
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K12 International Academy is a private elementary, middle and high school located approximately 0.4 miles away.
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Annual Tax Amount: 2062.00
Source Listing Status: Active
County: Polk
Source Property Type: Multi-Family
Area: Des Moines East
Source Neighborhood: Des Moines East
Parcel Number: 04005480000000
Postal Code Plus 4: 3561
Zoning: RX1
Source System Name: C2C

Price Changed 2024-05-09
$209,990
DesMoines
Listed 2024-04-09
$219,990
DesMoines
Sold 2023-03-01
$176,000
DesMoines
Listed 2023-01-13
$175,000
DesMoines

Total Square Feet Living: 2444
Year Built: 1882
Foundation Details: Brick
Property Age: 142
Roof: Asphalt Shingle
House Style: Two Story
Total Area Sqft: 2444
Total Below Grade Area: 676

Sewer: City
Water Source: City
Click Thumbnail Images To View Full Size
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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.