$259,900 Price Analysis    ♡   Des Moines, IA 50311 0 bed 4 bath 2,122 SqFt ($122/SqFt) 8,625SqFt lot. Built 1892 Listed 2024-05-31, Taxes $3,112 | Ⓧ USDA Ineligible due to location near Des Moines |
Great investment opportunity with this renovated four plex.
Recent upgrades including a new roof, mini-split heating and cooling systems, furnace, water heater, sewer line and water line ensure low maintenance and high tenant satisfaction. With three units already rented and one other ready for occupancy, this property offers immediate income-generating potential for investors seeking steady cash flow and long-term growth.
Each unit has been updated recently. Whet her you're a seasoned investor or new to real estate, this turnkey property offers the perfect opportunty to capitalize on the high demand for multi-family housing in the area. Current rents are between $850-$1000 per unit. Call to set up a showing today!
Presented by Kyle Clarkson at
LPT Realty, LLC.
Property MLS #696351 from DesMoines
Full Bathrooms: 4
Heating Features: Gas Forced Air
Lot Size Dimensions: 53.2X162
Lot Size Square Feet: 8625
Map directions Map directions Map directions Map directionsFull Bathrooms in the Studio Units: 4
Source Listing Status: Active
County: Polk
Directions: University to 23rd St, north to property.
Source Property Type: Multi-Family
Area: Des Moines N.West
Source Neighborhood: Des Moines N.West
Parcel Number: 08006845001000
Postal Code Plus 4: 3170
Zoning: R-3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $93,900 + $19,100 $113,000 | $3,112 |
| 2021 | $93,900 + $19,100 $113,000 | $2,768 |
| 2020 | $75,400 + $17,300 $92,700 | $3,110 |
| 2019 | $75,400 + $17,300 $92,700 | $2,726 |
| 2018 | $59,700 + $17,300 $77,000 | $2,900 |
| 2017 | $59,700 + $17,300 $77,000 | $2,724 |
| 2016 | $55,100 + $14,400 $69,500 | $3,160 |
| 2015 | $55,100 + $14,400 $69,500 | $2,660 |
| 2014 | $47,600 + $14,400 $62,000 | $2,772 |
| 2013 | $47,600 + $14,400 $62,000 | $2,908 |
| 2012 | $47,600 + $14,400 $62,000 | $2,884 |
| 2011 | $47,600 + $14,400 $62,000 | $3,196 |
| 2010 | $55,100 + $14,400 $69,500 | $3,148 |
| 2009 | $55,100 + $14,400 $69,500 | $3,144 |
| 2008 | $55,100 + $14,400 $69,500 | $3,164 |
| 2007 | $55,100 + $14,400 $69,500 | $3,190 |
$259,900
DesMoines
Price Changed 2024-06-14
$269,900
DesMoines
Listed 2024-05-31
$279,900
DesMoines
Listing removed 2023-04-04
$0
DesMoines
Listed 2023-03-28
$135,000
DesMoines
Sold 2023-02-08
$115,000
Public Record
Listing removed 2023-01-06
$0
DesMoines
Price Changed 2022-12-23
$155,000
DesMoines
Price Changed 2022-10-11
$165,000
DesMoines
Price Changed 2022-09-26
$175,000
DesMoines
Listed 2022-09-01
$185,000
DesMoines
Listing removed 2022-01-29
$0
CentralIowa
Relisted 2021-07-30
$149,900
CentralIowa
Listing removed 2021-07-25
$149,900
CentralIowa
Sold 2021-06-04
$142,500
DesMoines
Relisted 2021-04-30
$149,900
CentralIowa
Listing removed 2021-04-27
$149,900
CentralIowa
Price Changed 2021-04-08
$149,900
CentralIowa
Price Changed 2021-03-24
$149,900
DesMoines
Price Changed 2021-03-04
$160,000
DesMoines
Price Changed 2021-01-27
$175,000
CentralIowa
Price Changed 2021-01-27
$175,000
DesMoines
Price Changed 2021-01-07
$190,000
CentralIowa
Price Changed 2021-01-07
$190,000
DesMoines
Listed 2021-01-04
$199,900
CentralIowa
Price Changed 2020-12-28
$199,900
DesMoines
Listed 2020-12-10
$210,000
DesMoines
Sold 2018-04-16
$83,500
DesMoines
Listed 2018-03-23
$89,000
DesMoines
Sold 2005-06-20
$76,500
Public Record
Sold 2002-07-10
$43,000
Public Record
Year Built: 1892
Building Exterior Type: Wood
Property Age: 132
Roof: Asphalt Shingle
House Style: Two Story
Total Area Sqft: 2122
Total Below Grade Area: 715
Water Source: City
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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.