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Listing 5 out of 478
$165,000 For Sale

2615 Cottage Grove Avenue
Des Moines, IA 50311

5 units | Multi Family Home
6665 sq ft - MLS# 567160
Property Photo
1/5

Description

Investor special! Check out this fantastic opportunity to own a 5-plex in the Drake neighborhood that cash flows immediately, perfect for that first time investor! 4/5 units are currently occupied with $2210 gross monthly rent, and $2710 gross monthly rent when fully occupied. All tenants are on month-to-month leases. The building offers two 1-br units, two efficiency, and one 2-br unit. The property will be sold As-Is.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Polk County
  • Zip Code: 50311
  • Year Built: 1908
  • School District: Des Moines Independent
  • Sq.Ft.: 2,531 sq ft
  • Style: Two Story
  • Units: 5 units
  • Full Baths: 3
  • Basement: Unfinished
  • Lot Size: 60x111
  • Baths: 3 baths
  • Zoning: R1-60
  • Air Conditioning: Window Unit
  • Expense Total: 1200
  • Exterior: Metal Siding
  • F Bin Efficiency: 2
  • FB 1 St: 2
  • FB 2 Nd: 1
  • Foundation: Brick
  • Fridges Total: 5
  • Gross Operating Income: 2715
  • Gross Taxes: 2942.00
  • Heat: Gas Forced Air
  • Heat Source: Natural
  • Kitchens Total: 5
  • Landlord Tenant Utilities: Building Insurance Owner, Electric Tenant, Gas Landlord, Misc Exp Landlord, Water Landlord
  • Lot SF: 6660
  • Paved YN: Yes
  • Roof: Asphalt Shingle
  • Separate Meters: Yes
  • Sewer: City
  • Sidewalk: Yes
  • Sqft Bsmt: 1188
  • Stoves Total: 5
  • Total 1 Bedroom Units: 2
  • Total 2 Bedroom Units: 1
  • Total Efficiency Units: 2
  • Water: City
Courtesy of Iowa Realty Beaverdale

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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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