NOT LISTED FOR SALE

526 48th St Des Moines, IA 50312

Waterbury Neighborhood
-- Bed
7 Baths
4,654 Sq Ft
9,968 Sq Ft Lot

Last Sold October 05, 2023

Last sale price $575,000 $124 Per Sq Ft

11 Days on Market

Highlights

  • 7 Kitchens
  • No HOA
  • Community Storage Space
  • Wood Flooring
  • Laundry Room

About This Home

As of October 2023

Here is an excellent investment opportunity in Des Moines' historic Waterbury Neighborhood with two offerings of apartment buildings located in the heart of the Ingersoll Corridor.
536 48th St hosts 7-units including 5-two bedroom, 1-one-bedroom and 1-studio apartment. The units include hardwood floors and beautiful period woodwork. This property presents buyer prospects with plenty of upside with continued renovation and increased monthly rents. Properties to be sold together – see listing of 4810 Ingersoll. The buildings share ample off-street parking. Proximity to Ingersoll, downtown and all that Des Moines has to offer make this prime potential for investment.

Last Agent to Sell the Property

Jim Hibbs

LPT Realty, LLC Listed on: 08/03/2023

LPT Realty, LLC

Last Buyer's Agent

Kathryn Wheeler

Iowa Realty Beaverdale

Iowa Realty Beaverdale

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,748

Year Built

  • Built in 1927

Lot Details

  • 9,968 Sq Ft Lot
  • Lot Dimensions are 56x178

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,654 Sq Ft Home
  • Finished Basement
  • Natural lighting in basement
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • 7 Kitchens
  • Stove

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 09005605000000

Community Details

Overview

  • No Home Owners Association

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Snow Removal

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,748

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Apartment Style
  • Lp Amt Sq Ft: 123.55
  • Sp Amt Sq Ft: 123.55
  • Termite: Call Listing Agent
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 7
  • Stoves Total: 7
  • Interior Amenities: Carpeting, Hardwood Floors, Laminate Floors, Smoke Detector, Vinyl Floors
  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 5
  • Full Bathrooms: 1
  • Basement Description: Daylight Window, Finished
  • Sq Ft Bsmt: 2429
  • Sq Ft Fin Bsmt: 1800
  • Kitchens: 7
  • Laundry: Yes
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 4654
  • Total Sq Ft: 4654

Exterior Features

  • Exterior: Brick
  • Foundation: See Remarks
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Sidewalk: y
  • Street Feature: Asphalt

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: See Remarks
  • Separate Meters: y
  • Services: Lawn Care, Trash Service

Association/Amenities

  • Amenities: Community Laundry, Extra Storage, Snow Removal

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.2290
  • Lot S F: 9968
  • Lot Size: 56X178
  • Assessor Parcel Number: 09005605000000
  • Zoning: R-3

Rental Info

  • Furnished: No
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Taxes Owner, Water Tenant

Tax Info

  • Gross Taxes: 7748.49
  • Net Taxes: 7748.49

MLS Schools

  • School District: Des Moines Independent

Range of Values:

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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 Change Sq Ft Price
10/05/2023 10/05/23 Sold $575,000 0.0% $124 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $575,000 -- $124 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Hibbs

    Seller's Agent in 2023

    Jim Hibbs

    LPT Realty, LLC

    (515) 218-5757

    3 in this area

    78 Total Sales

    Jim Hibbs
    Section Image
  • Kathryn Wheeler

    Buyer's Agent in 2023

    Kathryn Wheeler

    Iowa Realty Beaverdale

    (515) 710-1399

    17 in this area

    153 Total Sales

    Kathryn Wheeler
    Section Image
See All Agents

Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 679670

Des Moines Area Association of REALTORS®
Iowa Polk County Des Moines 50312 Waterbury

526 48th St, Des Moines, IA

This home is located at 526 48th St, Des Moines, IA 50312 since 03 August 2023. This property was built in 1927. 526 48th St is a home located in Polk County with nearby schools including Hubbell Elementary, Merrill 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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