NOT LISTED FOR SALE

3432 Forest Ave Des Moines, IA 50311

Drake Neighborhood
-- Bed
15 Baths
14,784 Sq Ft
0.64 Acres

Last Sold November 01, 2023

Last sale price $1,000,000 $68 Per Sq Ft

75 Days on Market

Highlights

  • 15 Kitchens
  • No HOA
  • Storage
  • 0.64 Acre Lot
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of November 2023

Forest Oaks Apartment complex! Rare apartment building investment opportunity in the Des Moines northwest metro area!  All 15 apartments feature full kitchens, two bedrooms and 1.5 bathrooms. 7 detached garages that rent at $100 each per month. All units individually metered for water, gas, and electric.  All units have their own gas forced air and central air units. Landlord pays insurance and exterior maintenance. Each unit rent between $825 and $900 per month. Mostly brick exterior for low maintenance. Coin operated laundry on site. Located just ten minutes west of downtown.

Last Agent to Sell the Property

Stephanie Thomas

RE/MAX Concepts Listed on: 06/28/2023

RE/MAX Concepts

Last Buyer's Agent

Stephanie Thomas

RE/MAX Concepts Listed on: 06/28/2023

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,516

Year Built

  • Built in 1968

Lot Details

  • 0.64

Parking

  • 4 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Cement Board or Planked

Interior Spaces

  • 15 Full Bathrooms
  • 14,784 Sq Ft Home
  • 3-Story Property
  • Storage
  • Laundry Room
  • 15 Kitchens

Additional Features

  • 0.64 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 15 Units

Listing and Financial Details

  • Assessor Parcel Number 10008145003000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,516

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Three Story
  • Lp Amt Sq Ft: 94.70
  • Sp Amt Sq Ft: 67.64
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Refrigerators: 15
  • Stoves Total: 15
  • Total Bathrooms: 15.00
  • Full Bathrooms: 15
  • Second Floor Full Bathrooms: 15
  • Basement Description: Slab
  • Kitchens: 15
  • Laundry: Yes
  • Storage: Yes
  • Half Bathrooms: 15
  • Living Area Sq Ft: 14784
  • Total Sq Ft: 14784

Exterior Features

  • Exterior: Brick, Cement Board
  • Foundation: Poured
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Garage: 4+ Detached

Utilities

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

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.6360
  • Lot S F: 27723
  • Lot Size: 72.27
  • Assessor Parcel Number: 10008145003000
  • Zoning: R-3

Rental Info

  • Furnished: No
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Landlord, Misc Exp Landlord, Water Tenant

Tax Info

  • Gross Taxes: 20516.00
  • Net Taxes: 20516.00

Multi Family

  • Total Units: 15

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
11/01/2023 11/01/23 Sold $1,000,000 -28.6% $68 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $1,400,000 -- $95 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Stephanie Thomas

    Seller's Agent in 2023

    Stephanie Thomas

    RE/MAX

    (515) 771-7788

    11 in this area

    189 Total Sales

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 676312

Des Moines Area Association of REALTORS®

Iowa Polk County Des Moines 50311 Drake

3432 Forest Ave, Des Moines, IA

This home is located at 3432 Forest Ave, Des Moines, IA 50311 since 28 June 2023. This property was built in 1968. 3432 Forest Ave is a home located in Polk County with nearby schools including Perkins Elementary School, Callanan Middle School, and Roosevelt High School.

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.

Des Moines Area Association of REALTORS® 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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