2419 Cottage Grove Ave Des Moines, IA 50311
Drake NeighborhoodEstimated payment $4,452/month
Total Views
23,155
--
Bed
8
Baths
8,631
Sq Ft
$78
Price per Sq Ft
About This Home
Introducing The Cutler Apartments, a historic gem located just blocks from Drake University, Downtown, and Interstate 235, offering unparalleled convenience for residents. This solid brick construction property is in great shape, with spacious units over 1200sf each. Tenants enjoy 2 bedrooms, a living room, dining room, and two additional versatile rooms, making it an ideal living space. Great for work-from-home office. The month-to-month tenancy allows for a seamless transition, and the current low rents present an opportunity for increased income. The property features coin-op laundry for extra revenue and untapped storage space that could generate additional income. Tenants pay for their electricity, while the owner covers common areas, heat, and water. With ample parking and easy commuting, this property is an attractive choice for tenants. Whether it's the proximity to key locations, the spacious units, or the potential for increased income, The Cutler presents a unique opportunity for multifamily/low-rise/garden investors seeking a blend of historical charm and financial potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,640
Year Built
- Built in 1910
Home Design
- 8,631 Sq Ft Home
- Brick Exterior Construction
Additional Features
- 6,464 Sq Ft Lot
Community Details
- No Home Owners Association
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 030-06188000000
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/11/2024 11/11/24 | For Sale | $675,000 | -- | $78 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Similar Homes in Des Moines, IA
Source: Des Moines Area Association of REALTORS®
MLS Number: 707454
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