A
Seller's Agent in 2023
Adam Metzker
515 Rentals & Sales LLC
(701) 290-8300
1 in this area
7 Total Sales
833 E University Ave Des Moines, IA 50316
Capitol Park NeighborhoodEstimated Value: $232,000
Studio
6
Baths
2,759
Sq Ft
$84/Sq Ft
Est. Value
About This Home
As of December 20236 Plex Conversion on a bustling street for sale.
Investment property available for sale. This is a great building that has been historically fully occupied. Its a mixed use building with 5 apartment and 1 commercial unit. Potential upside on rent as some are below market rent. Will be great for owner user or an aspiring investor. Please see attachments for Rent Roll and YTD Financials and possible owner finance option with premium on price but lower than the bank interest rate.
Listing Agent has interest in the Property
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,254
Year Built
- Built in 1925
Lot Details
- 5,049
Additional Features
- 5 Kitchens
- 5,049 Sq Ft Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 040-01023000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 31, 2017
Sold by
Luis Leanos Jose and Luis Leticia Ana
Bought by
Mazal Rentals Llc
Current Estimated Value
Purchase Details
Closed on
Jul 12, 2002
Sold by
Leanos Juan Pedro and Leanos Norma Angelica
Bought by
Leanos Jose Luis and Garcia Leanos Leticia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.8%
Mortgage Type
Credit Line Revolving
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mazal Rentals Llc | $174,000 | None Listed On Document | |
| Leanos Jose Luis | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Leanos Jose Luis | $88,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2023 12/15/23 | Sold | $350,000 | 0.0% | $127 / Sq Ft |
| 11/27/2023 11/27/23 | Pending | -- | -- | -- |
| 10/26/2023 10/26/23 | For Sale | $350,000 | 0.0% | $127 / Sq Ft |
| 10/26/2023 10/26/23 | Off Market | $350,000 | -- | -- |
| 10/19/2023 10/19/23 | Price Changed | $350,000 | +7.7% | $127 / Sq Ft |
| 10/18/2023 10/18/23 | For Sale | $325,000 | -- | $118 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History
| 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 | $3,222 | $180,000 | $30,400 | $149,600 |
| 2024 | $3,222 | $163,700 | $26,700 | $137,000 |
| 2023 | $3,168 | $163,700 | $26,700 | $137,000 |
| 2022 | $3,546 | $37,400 | $7,580 | $29,820 |
| 2021 | $3,280 | $37,400 | $7,580 | $29,820 |
| 2020 | $3,608 | $36,300 | $6,900 | $29,400 |
| 2019 | $3,252 | $36,300 | $6,900 | $29,400 |
| 2018 | $3,390 | $34,000 | $6,970 | $27,030 |
| 2017 | $3,292 | $34,000 | $6,970 | $27,030 |
| 2016 | $3,330 | $27,710 | $5,750 | $21,960 |
| 2015 | $3,330 | $81,500 | $16,900 | $64,600 |
| 2014 | $3,242 | $72,500 | $16,900 | $55,600 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Metzker
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 683922
APN: 040-01023000000
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