Seller's Agent in 2023
Brett Opdahl
RE/MAX
(515) 557-0054
7 in this area
149 Total Sales
1333 22nd St Des Moines, IA 50311
Drake NeighborhoodEstimated Value: $184,000 - $479,475
Studio
5
Baths
2,574
Sq Ft
$129/Sq Ft
Est. Value
About This Home
As of April 2023Investors, take a look at this completely renovated 5plex! High gross rent with a 9.9% cap rate! Updates in all the units include brand new kitchens, bathrooms, new flooring, new cabinets, granite counter tops, plumbing, electrical fixtures, and appliances!
Updates to the building include all new windows, new roof, new furnaces, water heater, new basement wall and bracing. Turnkey Investment. Qualified tenants pay ALL utilities (cash flow analysis available). Conveniently located near Drake and near new restaurants and shops.
There is a laundry area ready that new owner can add Net Cash Flow with coin/card laundry service. This property is 100% occupied, New 1-year leases, passed inspection and received 2-year rental certificate!
Schedule your appointment today. All information obtained from seller and public records.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,931
Year Built
- Built in 1902
Lot Details
- 9,409
Parking
- 2 Car Detached Garage
Home Design
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 2,574 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 08006764000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2023
Closed on
Apr 25, 2023
Sold by
W & E Property Llc
Bought by
Dickens Street Properties Llc
Seller's Agent
Brett Opdahl
RE/MAX Precision
Buyer's Agent
Brett Opdahl
RE/MAX Precision
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Views
37
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
-$83,262
Avg. Annual Appreciation
-7.41%
Original Mortgage
$250,000
Outstanding Balance
$243,052
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$88,686
Purchase Details
Closed on
Sep 30, 2022
Sold by
Wilson And Cross Properties Llc
Bought by
Wilson And Cross Properties Llc and W & E Properties Llc
Purchase Details
Listed on
Mar 9, 2022
Closed on
May 4, 2022
Sold by
Tej Properties Llc
Bought by
Wilson And Crosssa Properties Llc
Seller's Agent
Travis Tovrea
PMI Realty Central Iowa
Buyer's Agent
Brett Opdahl
RE/MAX Precision
List Price
$169,000
Sold Price
$130,000
Premium/Discount to List
-$39,000
-23.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.31%
Original Mortgage
$280,000
Interest Rate
4.67%
Mortgage Type
Construction
Purchase Details
Listed on
Jul 21, 2015
Closed on
Sep 30, 2015
Sold by
Sollenbarger David T and Sollenbarger Sheryl Ann
Bought by
Tej Proiperties Llc
Seller's Agent
Kelly Schall
Realty ONE Group Impact
Buyer's Agent
Deb Miller
Iowa Realty Beaverdale
List Price
$85,000
Sold Price
$67,000
Premium/Discount to List
-$18,000
-21.18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$53,600
Interest Rate
3.88%
Purchase Details
Closed on
Nov 6, 2010
Sold by
Sollenbarger David T
Bought by
Sollenbarger David T and Sollenbarger Sheryl Ann
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dickens Street Properties Llc | -- | None Listed On Document | |
| Dickens Street Properties Llc | $415,000 | None Listed On Document | |
| Wilson And Cross Properties Llc | -- | -- | |
| Wilson And Crosssa Properties Llc | $130,000 | None Listed On Document | |
| Tej Proiperties Llc | $67,000 | None Available | |
| Sollenbarger David T | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dickens Street Properties Llc | $250,000 | |
| Previous Owner | Wilson And Crosssa Properties Llc | $280,000 | |
| Previous Owner | Tej Proiperties Llc | $53,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/25/2026 02/25/26 | Off Market | $725 | -- | -- | |
| 04/17/2025 04/17/25 | Price Changed | $725 | +7.4% | $2 / Sq Ft | |
| 04/04/2025 04/04/25 | Price Changed | $675 | -6.9% | $2 / Sq Ft | |
| 02/26/2025 02/26/25 | Price Changed | $725 | 0.0% | $2 / Sq Ft | |
| 02/07/2025 02/07/25 | For Rent | $725 | 0.0% | -- | |
| 04/25/2023 04/25/23 | Sold | $415,000 | -2.4% | $161 / Sq Ft | |
| 03/03/2023 03/03/23 | Pending | -- | -- | -- | |
| 02/22/2023 02/22/23 | For Sale | $425,000 | +226.9% | $165 / Sq Ft | |
| 05/05/2022 05/05/22 | Sold | $130,000 | -23.1% | $51 / Sq Ft | View Prior Sale |
| 04/07/2022 04/07/22 | Pending | -- | -- | -- | |
| 03/09/2022 03/09/22 | For Sale | $169,000 | +152.2% | $66 / Sq Ft | |
| 10/01/2015 10/01/15 | Sold | $67,000 | -21.2% | $7 / Sq Ft | View Prior Sale |
| 09/14/2015 09/14/15 | Pending | -- | -- | -- | |
| 07/21/2015 07/21/15 | For Sale | $85,000 | -- | $9 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
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 |
|---|---|---|---|---|
| 2025 | $3,168 | $174,000 | $22,700 | $151,300 |
| 2024 | $3,168 | $161,000 | $19,900 | $141,100 |
| 2023 | $3,088 | $161,000 | $19,900 | $141,100 |
| 2022 | $3,608 | $131,000 | $16,700 | $114,300 |
| 2021 | $3,196 | $131,000 | $16,700 | $114,300 |
| 2020 | $3,588 | $107,000 | $15,200 | $91,800 |
| 2019 | $3,134 | $107,000 | $15,200 | $91,800 |
| 2018 | $3,334 | $88,500 | $15,200 | $73,300 |
| 2017 | $3,136 | $88,500 | $15,200 | $73,300 |
| 2016 | $3,268 | $80,000 | $12,600 | $67,400 |
| 2015 | $3,268 | $80,000 | $12,600 | $67,400 |
| 2014 | $3,046 | $71,000 | $12,600 | $58,400 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Opdahl
-
Michael Slavin
Seller Co-Listing Agent in 2023
Michael Slavin
RE/MAX
(515) 491-4319
6 in this area
534 Total Sales
-
Travis Tovrea
T
Seller's Agent in 2022
Travis Tovrea
PMI Realty Central Iowa
(515) 491-7495
1 in this area
9 Total Sales
-
Kelly Schall
Seller's Agent in 2015
Kelly Schall
Realty ONE Group Impact
(515) 250-2133
1 in this area
146 Total Sales
-
Deb Miller
Buyer's Agent in 2015
Deb Miller
Iowa Realty Beaverdale
(515) 865-1206
3 in this area
98 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 668097
APN: 080-06764000000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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