NOT LISTED FOR SALE

1241 33rd St Des Moines, IA 50311

Drake Neighborhood
-- Bed
12 Baths
6,836 Sq Ft
-- Built

Last Sold December 20, 2024

Last sale price $1,120,000 $164 Per Sq Ft

90 Days on Market

About This Home

As of December 2024

The Drake Residences are a 6 unit condo platted community located within the campus of Drake University. This premier turnkey student housing opportunity includes a single family house with five large townhomes, each comprised of 3 Bedrooms and 2 Bathrooms with in-unit laundry. This cash-flowing asset features professionally designed units in a superb location. All units have been fully updated with modern finishes - including quartz countertops, shaker cabinets, and stainless steel appliances. Electrical, plumbing, windows, and most HVAC units are newer. Each residence has separate gas and electric meters that are paid by the residents, along with a flat rate common utility billing program for water/sewer/trash/landscaping. Easy to self manage and transfer on its current platform. Currently priced at an actual 8 cap based on continued self management.

Last Agent to Sell the Property

Jeffrey Hagel

Jeff Hagel Real Estate Listed on: 08/02/2024

Last Buyer's Agent

Emma Jordison

Century 21 Signature

Century 21 Signature

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,424

Home Design

  • 6,836 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Metal Siding

Additional Features

  • 12 Full Bathrooms
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 100/04204-101-000

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,424

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Apartment Style
  • Lp Amt Sq Ft: 175.54
  • Sp Amt Sq Ft: 163.84
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12.00
  • Full Bathrooms: 12
  • Second Floor Full Bathrooms: 6
  • Basement Description: Slab
  • Living Area Sq Ft: 6836
  • Total Sq Ft: 6836

Exterior Features

  • Exterior: Brick, Metal Siding
  • Foundation: Poured
  • Street Feature: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Electric Forced Air, Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Assessor Parcel Number: 100/04204-101-000
  • Zoning: NX2

Tax Info

  • Gross Taxes: 5424.00
  • Net Taxes: 5424.00
  • Tax Year: 2023

MLS Schools

  • School District: Des Moines Independent

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2024 12/20/24 Sold $1,120,000 -6.7% $164 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
08/02/2024 08/02/24 For Sale $1,200,000 -- $176 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Hagel

    Seller's Agent in 2024

    Jeffrey Hagel

    Jeff Hagel Real Estate

    (952) 529-0066

    1 in this area

    272 Total Sales

    Jeffrey Hagel
    Section Image
  • Emma Jordison

    Buyer's Agent in 2024

    Emma Jordison

    Century 21 Signature

    (515) 314-2570

    3 in this area

    69 Total Sales

    Emma Jordison
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 700351

Des Moines Area Association of REALTORS®
Iowa Polk County Des Moines 50311 Drake

1241 33rd St, Des Moines, IA

Not Listed for Sale

MultiFamily

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