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Seller's Agent in 2023
Michael Mogard
Friedrich Iowa Realty
(641) 691-1275
84 Total Sales
One, Two, Three, Four, Five!! This property contains 5 apartments and has a cap rate of 10.41%!! Presently, all units are leased, 3 of which are very long term. Rents are $575 to $700 and total $3,130/month. Some of the plusses are the following: metal roof (2017), half of the windows have been replaced, newer furnaces and AC’s for each unit (2017-2021), sound-deadening ceilings, common area laundry, high-end security system, large storage area for the landlord, etc. Each unit comes with its own storage area and has separate heat/cooling bills paid by the tenants. Ample concrete parking and an additional lot (.21 acres) are also included. Call today to see this very wise investment!
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/15/2023 05/15/23 | Sold | $208,000 | -3.3% | $68 / Sq Ft |
04/10/2023 04/10/23 | Pending | -- | -- | -- |
04/07/2023 04/07/23 | For Sale | $215,000 | -- | $70 / Sq Ft |
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Seller's Agent in 2023
Michael Mogard
Friedrich Iowa Realty
(641) 691-1275
84 Total Sales
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Buyer's Agent in 2023
OUTSIDE AGENT
OTHER
5,727 Total Sales
Source: Des Moines Area Association of REALTORS®
MLS Number: 670498
APN: 0734277005