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$ 275,000
Est. payment | /mo
1,710 SqFt
$ 275,000
Est. payment | /mo
1,710 SqFt
Key Details
Property Type Multi-Family
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 1,710 sqft
Price per Sqft $160
MLS Listing ID 70822
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,290
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type See Remarks
Source Central Iowa Board of REALTORS®
Land Area 1710
Property Description
Opportunity knocks with this cash-flowing investment property featuring an up/down duplex and a detached efficiency unit, providing three separate income-producing units on one lot. The property offers a spacious 4-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, and a detached efficiency unit, all conveniently located near the Iowa State Fairgrounds with easy access to downtown Des Moines. It has a proven rental history and generates cash flow. Major improvements have been completed throughout the property in recent years. In 2024, the west basement wall was professionally sealed and insulated. Updates completed in 2025 include new flooring in Unit 2, a remodeled bathroom with a vent fan in Unit 1, and a refreshed efficiency unit featuring new flooring, a new shower, fresh paint, kitchen improvements, and updated appliances. The sewer line was also repaired from the house to the city main in 2025 and includes a transferable warranty. In 2026, additional improvements included new kitchen ceiling tiles in Unit 1, along with a new roof and water heater for the efficiency unit, helping provide added peace of mind for the next owner. With many major capital improvements already completed, this property offers a strong combination of immediate cash flow and long-term value. Whether you're looking to expand your portfolio or add a high-performing investment to your holdings, this is an opportunity worth a closer look.
Location
State IA
County Polk
Zoning Res
Body of Water Public
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Window Unit(s), Central Air
Exterior
Garage No
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Other
Schools
School District Des Moines
Listed by Keller Williams Legacy Group
Nearby Locations
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