$327,000
$350,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,932 SqFt
SOLD DATE : 05/29/2025
Key Details
Sold Price $327,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,932 sqft
Price per Sqft $83
MLS Listing ID 714105
Sold Date 05/29/25
Style Two Story
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1970
Annual Tax Amount $4,491
Lot Size 0.436 Acres
Acres 0.4362
Property Description
Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. 2 units in this building have been renovated and the other 2 are still original finishes. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability with minimal maintenance. All utilities are separately metered, reducing landlord expenses. With Gilbert's strong rental demand, there's excellent potential to increase rents and maximize cash flow. Walking distance to Gilbert's highly rated school and charming Main Street is great for tenant retention. This prime multi-family property won't last long!
Location
State IA
County Story
Area Gilbert
Zoning res
Interior
Heating Forced Air, Gas, Natural Gas
Cooling Central Air
Fireplace No
Appliance Cooktop, Dryer, Microwave, Refrigerator, Stove, Washer
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Private Pool No
Building
Entry Level Two
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Gilbert
Others
Tax ID 0504475220
Monthly Total Fees $374
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
©2025 Des Moines Area Association of REALTORS®. All rights reserved.
Bought with OTHER
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "