NOT LISTED FOR SALE
Studio
9 Baths
15,291 Sq Ft
3,227 Sq Ft Lot

Sale Details

Date 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
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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,943

Year Built

  • Built in 1960

Lot Details

  • 3,227 Sq Ft 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

3,227 Sq Ft Lot

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

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Indianola Hills, IA

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,364 $590,000 $66,400 $523,600
2024 $9,364 $476,000 $58,200 $417,800
2023 $9,380 $546,000 $58,200 $487,800
2022 $10,964 $398,000 $48,700 $349,300
2021 $9,734 $398,000 $48,700 $349,300
2020 $10,934 $326,000 $44,300 $281,700
2019 $9,596 $326,000 $44,300 $281,700
2018 $10,208 $271,000 $44,300 $226,700
2017 $9,602 $271,000 $44,300 $226,700
2016 $10,010 $245,000 $37,000 $208,000
2015 $10,010 $245,000 $37,000 $208,000
2014 $9,354 $218,000 $37,000 $181,000
Source: Public Records

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 654879

Des Moines Area Association of REALTORS®
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