NOT LISTED FOR SALE
-- Bed
12 Baths
8,064 Sq Ft
0.55 Acres

Last Sold July 21, 2017

Last sale price $402,500 $50 Per Sq Ft

32 Days on Market

Highlights

  • 12 Kitchens
  • No HOA
  • Storage
  • 0.55 Acre Lot
  • Laundry Room
  • Hot Water Heating System

About This Home

As of July 2017

This is a fantastic opportunity to own a 12-plex w several long-term tenants at a great price. The building is 100% occupied w gross monthly rent of $6600. This building offers 12 two-bedroom, 1 bath units w additional storage, and coin operated laundry is available on-site on the 2nd/3rd floors. The units have some opportunity for renovations as they turn, which could help maximize rents over time.

Last Listed By

Eric Quiner

RE/MAX Precision Listed on: 06/05/2017

RE/MAX Precision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 136x175

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 12 Full Bathrooms
  • 8,064 Sq Ft Home
  • 3-Story Property
  • Storage
  • Laundry Room
  • Unfinished Basement
  • Walk-Out Basement
  • 12 Kitchens

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 12004310002000

Community Details

Overview

  • No Home Owners Association

Building Details

  • Operating Expense $4,000
  • Gross Income $6,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Three Story
  • Lp Amt Sq Ft: 48.36
  • Sp Amt Sq Ft: 49.91
  • Termite: Call Listing Agent
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Refrigerators: 12
  • Stoves Total: 12
  • Total Bathrooms: 12.00
  • Full Bathrooms: 12
  • Second Floor Full Bathrooms: 12
  • Basement Description: Unfinished, Walkout
  • Kitchens: 12
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 8064
  • Total Sq Ft: 8064

Exterior Features

  • Exterior: Brick, See Remarks
  • Foundation: Concrete Block
  • Paved: Yes
  • Sidewalk: Y

Garage/Parking

  • Off Street Parking: Yes

Utilities

  • Air Conditioner: Window Unit
  • Heat: Hot Water

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Fee Information

  • Total Expense: 4000

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.5460
  • Lot S F: 23800
  • Lot Shape: Regular
  • Lot Size: 136X175
  • Assessor Parcel Number: 12004310002000
  • Zoning: R-3

Rental Info

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

Tax Info

  • Gross Taxes: 16228.00
  • Net Taxes: 16228.00

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
12/10/2024 12/10/24 Off Market $750 -- --
11/10/2024 11/10/24 For Rent $750 0.0% --
07/21/2017 07/21/17 Sold $402,500 +3.2% $50 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
06/05/2017 06/05/17 For Sale $390,000 -- $48 / 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: 541137

Des Moines Area Association of REALTORS®