1050 21st St Des Moines, IA 50311
Drake Neighborhood
--
Bed
3
Baths
2,965
Sq Ft
0.33
Acres
Highlights
- 3 Kitchens
- No HOA
- Forced Air Heating System
- 0.33 Acre Lot
- Tile Flooring
- 5-minute walk to Drake Park
About This Home
As of December 2024Property for Sale: Turn-Key Airbnb with High Earnings Near Downtown Des Moines. This multifamily property, just minutes from Downtown, generates over $110,000 annually, providing a hassle-free investment. Recently remodeled, it includes three updated units: a spacious 4-bedroom penthouse, a comfortable 3-bedroom, and a charming 2-bedroom. Upgrades feature new flooring, kitchens, bathrooms, granite countertops, and stainless steel appliances, along with a new roof, updated electrical systems, mini-split systems, fresh paint, and new siding. Ideally located, the property offers easy access to Sherman Hill and brewery districts, and it's a 5-minute drive to Court Avenue and Wells Fargo Arena. The airport is just 7 minutes away, and ample parking enhances convenience for guests. The property is sold fully furnished, including over $35,000 in furniture and assets. A rental certification is in place! Just renewed and good until April 2027. Additionally, there's an office/shop space in the rear with a new tenant LOI for $700/month, or it can be used by the owner. This is a rare chance to acquire a fully remodeled, high-performing Airbnb that offers immediate returns and long-term value. Three years of financials and remodel budgets are available. The seller can offer rate buy-down credits, closing cost assistance, and short-term rental management during the transition if needed. Don’t miss this opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,600
Year Built
- Built in 1895
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 89x162
Home Design
- Block Foundation
- Vinyl Siding
Interior Spaces
- 2,965 Sq Ft Home
- 2-Story Property
- 3 Kitchens
- Unfinished Basement
Flooring
- Carpet
- Tile
- Vinyl
Parking
- 2 Car Detached Garage
- Gravel Driveway
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 03000859000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 15, 2024
Closed on
Dec 4, 2024
Sold by
Wilson & Cross Properties Llc
Bought by
Severtson Jeffrey
Seller's Agent
Pennie Carroll
Pennie Carroll & Associates
Buyer's Agent
Jason Waite
RE/MAX Precision
List Price
$615,000
Sold Price
$542,000
Premium/Discount to List
-$73,000
-11.87%
Views
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$81,000
Avg. Annual Appreciation
-12.66%
Original Mortgage
$487,800
Outstanding Balance
$486,227
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$4,773
Purchase Details
Listed on
Feb 17, 2020
Closed on
Feb 26, 2020
Sold by
Tej Properties Llc
Bought by
Wilson & Cross Properties Llc
Seller's Agent
Matt Shaw
Caliber Realty
Buyer's Agent
OUTSIDE AGENT
OTHER
List Price
$175,000
Sold Price
$175,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.19%
Original Mortgage
$247,500
Interest Rate
3.4%
Mortgage Type
Commercial
Purchase Details
Listed on
Sep 9, 2016
Closed on
Oct 17, 2016
Sold by
Dm Apts I Llc
Bought by
Tej Properties Llc
Seller's Agent
Joel Conner
Realty ONE Group Impact
Buyer's Agent
Deb Miller
Iowa Realty Beaverdale
List Price
$100,000
Sold Price
$92,000
Premium/Discount to List
-$8,000
-8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.62%
Similar Homes in Des Moines, IA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $542,000 | None Listed On Document | |
| Warranty Deed | $542,000 | None Listed On Document | |
| Warranty Deed | $175,000 | None Available | |
| Interfamily Deed Transfer | $91,750 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $487,800 | New Conventional | |
| Closed | $487,800 | New Conventional | |
| Previous Owner | $322,325 | Commercial | |
| Previous Owner | $247,500 | Commercial | |
| Previous Owner | $87,500 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/04/2024 12/04/24 | Sold | $542,000 | -11.9% | $183 / Sq Ft |
| 11/11/2024 11/11/24 | Pending | -- | -- | -- |
| 09/28/2024 09/28/24 | Price Changed | $615,000 | 0.0% | $207 / Sq Ft |
| 09/28/2024 09/28/24 | For Sale | $615,000 | -1.6% | $207 / Sq Ft |
| 08/20/2024 08/20/24 | Pending | -- | -- | -- |
| 08/15/2024 08/15/24 | For Sale | $625,000 | +257.1% | $211 / Sq Ft |
| 03/26/2020 03/26/20 | Sold | $175,000 | 0.0% | $59 / Sq Ft |
| 02/28/2020 02/28/20 | Pending | -- | -- | -- |
| 02/17/2020 02/17/20 | For Sale | $175,000 | +90.2% | $59 / Sq Ft |
| 10/20/2016 10/20/16 | Sold | $92,000 | -8.0% | $31 / Sq Ft |
| 10/18/2016 10/18/16 | Pending | -- | -- | -- |
| 09/09/2016 09/09/16 | For Sale | $100,000 | -- | $34 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,600 | $183,000 | $24,600 | $158,400 |
| 2023 | $3,512 | $183,000 | $24,600 | $158,400 |
| 2022 | $4,104 | $149,000 | $20,600 | $128,400 |
| 2021 | $3,644 | $149,000 | $20,600 | $128,400 |
| 2020 | $4,092 | $122,000 | $18,700 | $103,300 |
| 2019 | $3,576 | $122,000 | $18,700 | $103,300 |
| 2018 | $3,804 | $101,000 | $18,700 | $82,300 |
| 2017 | $3,586 | $101,000 | $18,700 | $82,300 |
| 2016 | $3,738 | $91,500 | $15,600 | $75,900 |
| 2015 | $3,738 | $91,500 | $15,600 | $75,900 |
| 2014 | $3,644 | $81,500 | $15,600 | $65,900 |
Source: Public Records
Agents Affiliated with this Home
-
Pennie Carroll
Seller's Agent in 2024
Pennie Carroll
Pennie Carroll & Associates
(515) 490-8025
16 in this area
1,268 Total Sales
-
Jason Waite
Buyer's Agent in 2024
Jason Waite
RE/MAX
(515) 480-5692
1 in this area
59 Total Sales
-
Matt Shaw
Seller's Agent in 2020
Matt Shaw
Caliber Realty
(515) 360-2247
23 Total Sales
-
OUTSIDE AGENT
O
Buyer's Agent in 2020
OUTSIDE AGENT
OTHER
32 in this area
5,724 Total Sales
-
Joel Conner
Seller's Agent in 2016
Joel Conner
Realty ONE Group Impact
(515) 205-6388
2 in this area
54 Total Sales
-
Matt Connolly
Seller Co-Listing Agent in 2016
Matt Connolly
Iowa Realty Beaverdale
(515) 975-9600
25 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 701347
APN: 030-00859000000
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