NOT LISTED FOR SALE
-- Bed
26 Baths
29,325 Sq Ft
0.44 Acres

Last Sold March 21, 2019

Last sale price $2,155,000 $73 Per Sq Ft

220 Days on Market

Highlights

  • 13 Kitchens
  • No HOA
  • Storage
  • 0.44 Acre Lot
  • Laundry Room
  • 4-minute walk to Chamberlain Park

About This Home

As of March 2019

Historic charm at The Wellsport & Portwell buildings, 2 fully renovated 3 story brick buildings, located in downtown Sherman Hill, built in 1904. This complex has 13 units, each with over 1,200 sf of living area and includes large living room, formal dining area, galley kitchen, 2 bedrooms, 2 baths, balcony, storage area and on site parking. Tenants pay $1,450 - $1,650 per month and responsible for utilities. Each unit has its own furnace, hot water heater and a/c. This building was completely renovated in 2013 and tax abatement on improvements through 2022. Can easily be converted to a condominium complex. In the meantime, you could live in one of the beautiful units and have the building pay for itself and more!!!!

Last Agent to Sell the Property

Joe Henry

Iowa Realty South Listed on: 08/06/2018

Iowa Realty South

Co-Listed By

Susan Henry

Iowa Realty South

Last Buyer's Agent

Joe Henry

Iowa Realty South Listed on: 08/06/2018

Iowa Realty South

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,474

Year Built

  • Built in 1904

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 165x116

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 26 Full Bathrooms
  • 29,325 Sq Ft Home
  • 3-Story Property
  • Storage
  • Laundry Room
  • 13 Kitchens
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 03004221001000

Community Details

Overview

  • No Home Owners Association
  • 13 Units

Building Details

  • Gross Income $21,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,474

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Three Story
  • Lp Amt Sq Ft: 88.66
  • Sp Amt Sq Ft: 73.49
  • Termite: Call Listing Agent
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Dishwashers: 13
  • Disposals: 13
  • Refrigerators: 13
  • Stoves Total: 13
  • Total Bathrooms: 26.00
  • Full Bathrooms: 26
  • Second Floor Full Bathrooms: 26
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 6270
  • Sq Ft Fin Bsmt: 750
  • Kitchens: 13
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 29325
  • Total Sq Ft: 29325

Exterior Features

  • Exterior: Brick
  • Foundation: Brick
  • Paved: Yes
  • Sidewalk: Y

Garage/Parking

  • Off Street Parking: 13/14

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.4390
  • Lot S F: 19140
  • Lot Size: 165X116
  • Assessor Parcel Number: 03004221001000
  • Zoning: R-HD

Rental Info

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

Tax Info

  • Gross Taxes: 19474.00
  • Net Taxes: 19471.00
  • Tax Year: 2018

Multi Family

  • Total Units: 13

MLS Schools

  • School District: Des Moines Independent

Range of Values:

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Average Value
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List 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
03/21/2019 03/21/19 Sold $2,155,000 -17.1% $73 / Sq Ft
03/14/2019 03/14/19 Pending -- -- --
08/06/2018 08/06/18 For Sale $2,600,000 -- $89 / 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: 566864

Des Moines Area Association of REALTORS®