NOT LISTED FOR SALE
-- Bed
2 Baths
42,732 Sq Ft
1.21 Acres

Last Sold May 19, 2017

Last sale price $3,300,000 $77 Per Sq Ft

9 Days on Market

Highlights

  • 50 Kitchens
  • No HOA
  • Hot Water Heating System
  • 1.21 Acre Lot
  • Laundry Room

About This Home

As of May 2017

This purchase will also include a duplex at 524 35th Street. The entire package operates with 46 two bed/one bath units and four one bed/one bath units for a total of 50 units in this purchase. All of the units have been remodeled with new cabinets and flooring in the last six years. Stable occupancy has been around 10% when the owner isn't remodeling units.

Last Agent to Sell the Property

Michael Petersen

Realty ONE Group Impact Listed on: 02/27/2017

Realty ONE Group Impact

Last Buyer's Agent

Kristen Moreau

Platinum Realty LLC

Platinum Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $57,060

Year Built

  • Built in 1968

Lot Details

  • 1.21 Acre Lot

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 42,732 Sq Ft Home
  • 3-Story Property
  • Finished Basement

Kitchen

  • 50 Kitchens
  • Stove

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 09006463-000-000

Community Details

Overview

  • No Home Owners Association
  • 50 Units

Building Details

  • Gross Income $454,176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$57,060

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Three Story
  • Lp Amt Sq Ft: 77.23
  • Sp Amt Sq Ft: 77.23
  • Termite: Call Listing Agent
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Refrigerators: 50
  • Stoves Total: 50
  • Basement Description: Finished
  • Kitchens: 50
  • Laundry: Yes
  • Storage: No
  • Included Items: Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 42732
  • Total Sq Ft: 42732

Exterior Features

  • Exterior: Brick
  • Foundation: Poured
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Sidewalk: 2
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: Parking Lot

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Hot Water

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 1.2060
  • Lot S F: 52515
  • Lot Shape: Regular
  • Assessor Parcel Number: 09006463-000-000
  • Zoning: MFR

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Landlord, Gas Owner, Insurance Landlord, Misc Exp Landlord, Taxes Owner, Water Landlord, Water Owner

Tax Info

  • Gross Taxes: 57060.00
  • Net Taxes: 57060.00

Multi Family

  • Total Units: 50

MLS Schools

  • School District: Des Moines Independent

Range of Values:

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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
05/19/2017 05/19/17 Sold $3,300,000 0.0% $77 / Sq Ft
03/08/2017 03/08/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $3,300,000 -- $77 / 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: 533135

Des Moines Area Association of REALTORS®

APN: 090/06463-000-000