NOT LISTED FOR SALE
-- Bed
9 Baths
15,291 Sq Ft
0.35 Acres

Last Sold August 15, 2022

Last sale price $583,000 $38 Per Sq Ft

2 Days on Market

Highlights

  • 9 Kitchens
  • Laundry Room
  • Hot Water Heating System
  • No HOA
  • Storage

About This Home

As of August 2022

This brick 9-plex offers many updates including a new roof and boiler in 2020. 8 of the 9 units have been updated at turnover, and this would be a great investment property. Some value-add potential exists if the new owner implements a RUBS system, or charged for additional storage space in the laundry room. Please contact an agent for financials and additional info. Potential gross rent of $7050 monthly.

Last Agent to Sell the Property

Joel Conner

Realty ONE Group Impact Listed on: 06/27/2022

Realty ONE Group Impact

Last Buyer's Agent

Kevin Culver

Keller Williams Realty GDM

Keller Williams Realty GDM

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,943

Year Built

  • Built in 1960

Lot Details

  • 0.35 Acre Lot
  • Irregular Lot

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 15,291 Sq Ft Home
  • Storage
  • Partial Basement
  • Fire and Smoke Detector

Kitchen

  • 9 Kitchens
  • Stove

Laundry

  • Laundry Room
  • Laundry on main level

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 02001944000000

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • Operating Expense $3,186
  • Gross Income $7,050

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,943

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Apartment Style
  • Lp Amt Sq Ft: 37.60
  • Sp Amt Sq Ft: 38.13
  • Termite: Call Listing Agent
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 9
  • Stoves Total: 9
  • Interior Amenities: 1st Flr Laundry, Cable TV, Smoke Detector
  • Total Bathrooms: 9.00
  • Full Bathrooms: 9
  • First Floor Full Bathrooms: 6
  • Second Floor Full Bathrooms: 3
  • Basement Description: Partial, Slab
  • Kitchens: 9
  • Laundry: Yes
  • Storage: Yes
  • Included Items: Refrigerator, Stove
  • Living Area Sq Ft: 15291
  • Total Sq Ft: 15291

Exterior Features

  • Exterior: Brick
  • Foundation: Concrete Block
  • Paved: Yes
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete
  • Off Street Parking: 9

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Fee Information

  • Total Expense: 3186

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.3510
  • Lot S F: 3227
  • Lot Shape: Irregular
  • Assessor Parcel Number: 02001944000000
  • Zoning: NX1

Rental Info

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

Tax Info

  • Gross Taxes: 11943.47
  • Net Taxes: 11943.47

Multi Family

  • Total Units: 9

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
08/15/2022 08/15/22 Sold $583,000 +1.4% $38 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $575,000 +30.7% $38 / Sq Ft
05/11/2020 05/11/20 Sold $440,000 +10.0% $136 / Sq Ft
04/07/2020 04/07/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $400,000 -- $124 / 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: 654879

Des Moines Area Association of REALTORS®