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1159 22nd Street

Des Moines, IA 50311
  • $185,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 639504
UPDATED: 108 min ago
$185,000
  • 5
    BEDS
  • 0.23
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,895
    SQFT
  • $64
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1905
County:

School Ratings & Info

School District:

Description

Great investment opportunity, priced accordingly for you to rent the way it is or make updates to improve. Conveniently located near Drake University with quick access to the interstate, this 4 plex has just under 2900 sq ft that brought in $2,650/month when rented. Previous rents in it's existing condition brought in the following: 1st floor=$800, Efficiency 2nd level=$600, 2 bedroom 2nd level = $650, Efficiency 3rd floor = $600. Currently the 2 bedroom is being rented for $600, seller lives in the updated 1 bedroom efficiency, 1st floor 3 bedroom was last rented September 2020, and the 3rd floor is currently brought down to the studs to start remodel. Plenty of paved parking out back. Renders available upon request of what the space on the 3rd floor can be updated to. Property to be sold AS IS. Add this property to your investment portfolio today!

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© 2021 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The dsmSOLD Team at Keller Williams Legacy Group. Data last updated: 2021-12-01T00:21:58.747.
www.dsmsold.com/homes/122313970
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1159 22nd Street Des Moines, IA 50311

  • Price: $185,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 108 min ago
  • MLS #: 639504
5
Beds
2
Baths
0
½ Baths
0.23
Acres
2,895
SQFT
$64
$/SQFT
1905
Built
Neighborhood:
Des Moines West
County:
Polk
Area:
Des Moines West
School District:
Des Moines Independent
Property Description
Great investment opportunity, priced accordingly for you to rent the way it is or make updates to improve. Conveniently located near Drake University with quick access to the interstate, this 4 plex has just under 2900 sq ft that brought in $2,650/month when rented. Previous rents in it's existing condition brought in the following: 1st floor=$800, Efficiency 2nd level=$600, 2 bedroom 2nd level = $650, Efficiency 3rd floor = $600. Currently the 2 bedroom is being rented for $600, seller lives in the updated 1 bedroom efficiency, 1st floor 3 bedroom was last rented September 2020, and the 3rd floor is currently brought down to the studs to start remodel. Plenty of paved parking out back. Renders available upon request of what the space on the 3rd floor can be updated to. Property to be sold AS IS. Add this property to your investment portfolio today!
Exterior Features

Architectural Style Three Story Construction Materials StuccoVinyl Siding Foundation Details Brick/Mortar Levels Three Or More Road Surface Type Asphalt Roof AsphaltShingle

Interior Features

Appliances RefrigeratorStove Basement Unfinished Basement YN Yes Cooling Window Unit(S) Flooring HardwoodLaminateVinyl Furnished Unfurnished Heating BaseboardElectricHot WaterNatural Gas Heating YN Yes Interior Features Cable Tv

Property Features

Gross Income 2650 Lease Considered YN No Listing Terms CashConventional Lot Features Rectangular Lot Lot Size Dimensions 60X169 Operating Expense 621 Owner Pays GasInsuranceTaxesWater Property Sub Type Multi Family Security Features Smoke Detector(S) Sewer Public Sewer Tax Annual Amount 3942 Tax Year 2021 Tenant Pays Electricity Utilities Electricity AvailableNatural Gas AvailableWater Available Water Source Public Zoning R-3

Listing provided courtesy of Coldwell Banker Mid America. © 2021 Des Moines Multiple Listing Service.
© 2021 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The dsmSOLD Team at Keller Williams Legacy Group. Data last updated: 2021-12-01T00:21:58.747.
 
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The dsmSOLD Team at Keller Williams Legacy Group
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