833 E University Ave Des Moines, IA 50316
Capitol Park NeighborhoodEstimated payment $2,103/month
About This Home
6 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
Listing Agent
Adam Metzker
Realty Concepts Listed on: 10/18/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,254
Year Built
- Built in 1925
Additional Features
- 5 Kitchens
- 5,049 Sq Ft Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 040-01023000000
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/27/2023 11/27/23 | Pending | -- | -- | -- |
| 10/26/2023 10/26/23 | For Sale | $350,000 | 0.0% | -- |
| 10/26/2023 10/26/23 | Off Market | $350,000 | -- | -- |
| 10/19/2023 10/19/23 | Price Changed | $350,000 | +7.7% | -- |
| 10/18/2023 10/18/23 | For Sale | $325,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $174,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $88,000 | Credit Line Revolving |
Source: Des Moines Area Association of REALTORS®
MLS Number: 683922
APN: 040-01023000000
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