$690,000
SOLD JAN 15, 2025
-- Bed
11 Baths
6,048 Sq Ft
0.44 Acres

Recently Sold

$114 Per Sq Ft

30% Below List Price

144 Days on Market

About This Home

As of January 2025

Unique opportunity to own an income producing investment property steps away from Downtown Des Moines. This prime property features 11 units including one, one bedroom with attached garage, 10 studio apartments, a coin operated laundry room, and a large off street parking lot with room for up to 20 vehicles. 5 of the studio units and the one bedroom are currently utilized as MTR's and have all been recently renovated. One additional studio unit has been recently renovated and is ready for the next tenant. Rental certificate is good through June 2025. Seller is offering a $50,000 credit at closing for the HVAC system. Don't miss out on the chance to add 1941 Courtland Dr to your portfolio and capitalize on the booming Des Moines rental market!

Last Agent to Sell the Property

Sarah Morton

Realty ONE Group Impact Listed on: 08/13/2024

Realty ONE Group Impact

Last Buyer's Agent

Crystal Arguello

Realty ONE Group Impact

Realty ONE Group Impact

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,918

Year Built

  • Built in 1951

Home Design

  • 6,048 Sq Ft Home
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Shingled Roof

Parking

  • 1 Car Attached Garage
  • Gravel Driveway

Additional Features

  • 11 Full Bathrooms
  • 0.44 Acre Lot

Community Details

  • No Home Owners Association
  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 02000251000000

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,918

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Apartment Style
  • Lp Amt Sq Ft: 132.28
  • Sp Amt Sq Ft: 114.09
  • Termite: Call Listing Agent
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: See Remarks
  • Total Bathrooms: 11.00
  • Full Bathrooms: 11
  • First Floor Full Bathrooms: 1
  • Full Bathrooms: 10
  • Living Area Sq Ft: 6048
  • Total Sq Ft: 6048

Exterior Features

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

Garage/Parking

  • Driveway: Gravel
  • Garage: 1 Attached

Utilities

  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.4390
  • Lot S F: 19136
  • Lot Shape: Regular
  • Assessor Parcel Number: 02000251000000
  • Zoning: R1-60

Tax Info

  • Gross Taxes: 10918.00
  • Net Taxes: 10918.00

Multi Family

  • Total Units: 11

MLS Schools

  • School District: Des Moines Independent

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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
01/15/2025 01/15/25 Sold $690,000 -13.8% $114 / Sq Ft
01/04/2025 01/04/25 Pending -- -- --
10/29/2024 10/29/24 Price Changed $800,000 -13.0% $132 / Sq Ft
09/30/2024 09/30/24 Price Changed $920,000 -7.1% $152 / Sq Ft
08/13/2024 08/13/24 For Sale $990,000 +100.2% $164 / Sq Ft
08/04/2021 08/04/21 Sold $494,550 -5.6% $82 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $524,000 +31.0% $87 / Sq Ft
01/31/2018 01/31/18 Sold $400,000 -16.7% $66 / Sq Ft
10/13/2017 10/13/17 Pending -- -- --
05/04/2017 05/04/17 For Sale $480,000 -- $79 / 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: 700872

Des Moines Area Association of REALTORS®