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Listing 17 out of 390
Sold for $300,000 Sold

1301 24th Street
Des Moines, IA 50311

3 units | Multi Family Home
6490 sq ft - MLS# 561058
Property Photo
1/15

Sold

Sold for $300,000 on Jun 28, 2018

Description

Turn Key Investment Property. 8% Return on this Very Low touch Investment. FULLY Leased, RE-CERTIFIED New 3 Year RENTAL CERTIFICATES, NEW 1 YEAR LEASES. Tenants are all Young Professionals, has been Fully Leased from Day one. Great Property for New Investor to Own and Break into the Des Moines Market. Property is Directly on Campus and always Full. Income per year $30,600. Expenses per Year $6,630. Separate Gas and Electric Meters, water shared between house and duplex & landlord pays, 3 Units total.House renovated and restored in 2014-New Hvac, Plumbing, Electrical,driveway, on site Laundry., Duplex renovated and rebuilt in 2014-New framing, Siding , All Electrical Hotel Heating & Cooling,Plumbing, Electrical etc. and so much more. Tax Abatement through 2024.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $315,000
  • County/Area: Polk County
  • Zip Code: 50311
  • Year Built: 1912
  • School District: Des Moines Independent
  • Sq.Ft.: 3,145 sq ft
  • Style: 1.5 Story
  • Units: 3 units
  • Full Baths: 3
  • Half Baths: 1
  • Basement: Slab, Unfinished
  • Lot Size: 122.5x53.2
  • Baths: 3.5 baths
  • Zoning: R-3
  • Air Conditioning: Central
  • Dishwashers Total: 3
  • Disposals Total: 3
  • Expense Total: 527
  • Exterior: Frame
  • FB 1 St: 3
  • Foundation: Brick
  • Fridges Total: 3
  • Gross Operating Income: 2550
  • Gross Taxes: 911.00
  • Heat: Gas Forced Air
  • Kitchens Total: 3
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Landlord, Water Landlord
  • Laundry YN: Yes
  • Lot SF: 6490
  • Partial Bathin 1 Bedroom: 1
  • Paved YN: Yes
  • Selling Agent: Donna L. Bistrican
  • Selling Office: Keller Williams Realty Gdm
  • Separate Meters: Yes
  • Sidewalk: Yes
  • Sqft Bsmt: 1158
  • Storage: 1
  • Stoves Total: 3
  • Total 1 Bedroom Units: 8
  • Sold Date: 2018-06-28 00:00:00
  • Sold Price: 300000.00
Courtesy of Re/Max Concepts

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Todd Omundson

Todd Omundson
RE/MAX Real Estate Group
Des Moines, IA 50327

515-577-5099
Contact Me

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Todd Omundson | 515-577-5099 | Contact Me
932 N Shadyview Blvd. - Des Moines, IA 50327
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