$260,000
SOLD NOV 13, 2024
-- Bed
4 Baths
2,940 Sq Ft
6,075 Sq Ft Lot

Recently Sold

$88 Per Sq Ft

17% Below List Price

31 Days on Market

Highlights

  • 4 Kitchens
  • No HOA
  • Forced Air Heating System
  • Wood Flooring

About This Home

As of November 2024

This solid brick 4-plex is a prime investment with strong current and future income potential! Fully occupied, each unit is separately metered, providing hassle-free management and reducing overhead. The property features a freshly updated rental inspection certificate and a new roof installed within the last 5 years. Tenants will love the charming original wood flooring, while investors can appreciate the significant value-added opportunities. Additionally, the spacious basement offers future storage potential for tenants or enhancements such as coin-operated laundry. With continuous renter demand, this property is a rare find in a thriving rental market. Don't miss out! Rents are $600,$675,$715,$675. Tenants pay gas and electric.

Last Agent to Sell the Property

Brett Fine

RE/MAX Concepts Listed on: 09/20/2024

RE/MAX Concepts

Last Buyer's Agent

Reid Petersen

Agency Iowa

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,420

Year Built

  • Built in 1924

Lot Details

  • 6,075 Sq Ft Lot
  • Lot Dimensions are 45x135

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 4 Full Bathrooms
  • 2,940 Sq Ft Home
  • 2-Story Property
  • 4 Kitchens
  • Unfinished Basement

Flooring

  • Wood
  • Tile

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 08001914000000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $2,665

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,420

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 107.14
  • Sp Amt Sq Ft: 88.44
  • Termite: Follow Showing Instructions
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 4
  • Stoves Total: 4
  • Interior Amenities: Hardwood Floors, Tile Floors
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • First Floor Full Bathrooms: 4
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1470
  • Kitchens: 4
  • Laundry: No
  • Storage: No
  • Living Area Sq Ft: 2940
  • Total Sq Ft: 2940

Exterior Features

  • Exterior: Brick
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1390
  • Lot S F: 6075
  • Lot Shape: Regular
  • Lot Size: 45X135
  • Assessor Parcel Number: 08001914000000
  • Zoning: R1-60

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Tenant, Insurance Landlord, Misc Exp Landlord, Taxes Owner, Water Landlord, Water Owner

Tax Info

  • Gross Taxes: 2420.00
  • Net Taxes: 2420.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Des Moines Independent

Range of Values:

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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 Change Sq Ft Price
11/13/2024 11/13/24 Sold $260,000 -17.5% $88 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
10/07/2024 10/07/24 For Sale $315,000 0.0% $107 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $315,000 -- $107 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 704394

Des Moines Area Association of REALTORS®