NOT LISTED FOR SALE
Studio
40 Baths
21,024 Sq Ft
1.35 Acres

Last Sold June 10, 2024

Last sale price $1,790,000 $85 Per Sq Ft

46 Days on Market

Highlights

  • 22 Kitchens
  • No HOA
  • Forced Air Heating and Cooling System
  • 1.35 Acre Lot

About This Home

As of June 2024

This 22-plex was built in 1995, is in great condition and has been well maintained. The property features: 1 - 1 bed/1 bath unit, 3 - 2 bed/2 bath units, 15 - 3 bed/2 bath units, 3 - 4 bed / 2 bath units. The property sits on over 1.3 acres of land and is conveniently located minutes from South Duff Ave and Lincoln Way. Great opportunity for cash flow. All but one unit is currently occupied.

Last Agent to Sell the Property

Ethan Hokel

Century 21 Signature Listed on: 03/14/2024

Century 21 Signature

Co-Listed By

Roger Wheeler

Century 21 Signature

Last Buyer's Agent

Daniel Wandling

Real Broker, LLC

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,034

Year Built

  • Built in 1995

Lot Details

  • 1.35

Parking

  • Driveway

Home Design

  • Block Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 21,024 Sq Ft Home
  • 1.5-Story Property
  • Crawl Space

Kitchen

  • 22 Kitchens
  • Stove
  • Dishwasher

Additional Features

  • 1.35 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 22 Units

Listing and Financial Details

  • Assessor Parcel Number 09-11-150-115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,034

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: 1.5 Story
  • Lp Amt Sq Ft: 94.89
  • Sp Amt Sq Ft: 85.14
  • Year Built: 1995
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 40.00
  • Full Bathrooms: 40
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 6
  • Third Floor Full Bathrooms: 33
  • Basement Description: Crawl Space
  • Kitchens: 22
  • Laundry: No
  • Storage: No
  • Included Items: Dishwasher, Refrigerator, Stove
  • Living Area Sq Ft: 21024
  • Total Sq Ft: 21024

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Concrete Block
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Street Feature: Concrete
  • Trim: Oak

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: Yes

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 1.3500
  • Lot S F: 58704
  • Lot Shape: Regular
  • Assessor Parcel Number: 09-11-150-115
  • Zoning: RES

Rental Info

  • Deposit: Yes

Tax Info

  • Gross Taxes: 32034.00
  • Net Taxes: 32034.00
  • Tax Year: 2023

Multi Family

  • Total Units: 22

MLS Schools

  • School District: Ames

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
06/10/2024 06/10/24 Sold $1,790,000 -10.3% $85 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
03/18/2024 03/18/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $1,995,000 +17.9% $95 / Sq Ft
04/02/2015 04/02/15 Sold $1,692,000 -14.3% $79 / Sq Ft View Prior Sale
01/22/2015 01/22/15 Pending -- -- --
06/06/2014 06/06/14 For Sale $1,975,000 -- $92 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $22,830 $1,774,900 $330,000 $1,444,900
2024 $22,352 $1,573,800 $337,000 $1,236,800
2023 $32,034 $1,573,800 $337,000 $1,236,800
2022 $31,642 $1,904,000 $337,000 $1,567,000
2021 $33,496 $1,904,000 $337,000 $1,567,000
2020 $25,402 $1,904,000 $337,000 $1,567,000
2019 $25,402 $1,464,800 $259,200 $1,205,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 691136

Des Moines Area Association of REALTORS®