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    1091 26th Street

    Des Moines, IA 50311
    • $240,000
    • STATUS: Active
    • ON SITE: 26 days
    • MLS #: 621566
    UPDATED: 35 min ago
    $240,000
    • 5
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,875
      SQFT
    • $62
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1904
    County:

    School Ratings & Info

    School District:

    Description

    Attention Investors. Great turnkey income producing 5 plex within 1 block of Drake University and the new development occurring along University Avenue. The asset is currently bringing in $2880/mo of rental income and the tenants pay many of the utilities. Over the last year the owners have updated and turned over units using a local professional property management company. Value add potential still exists by increasing rents on 3 of the units that are currently rented under market and including the fifth unit in the RUBS plan. The additional value add is estimated to be an additional $300-400/mo. 3 of the units have been remodeled/updated and have new appliances. The rental certificate is in the process of being renewed. Unit 1 = 600, Unit 2 = 785, Unit 3 = 665, Unit 4 = 340, Unit 5 = 520

    Monthly Payment Calculator

    © 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 Better Homes and Gardens Real Estate Innovations. Data last updated: 2021-02-28T00:21:51.887.
    www.searchcentraliowahomes.com/homes/113817649
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    1091 26th Street Des Moines, IA 50311

    • Price: $240,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 621566
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    3,875
    SQFT
    $62
    $/SQFT
    1904
    Built
    Neighborhood:
    Des Moines West
    County:
    Polk
    Area:
    Des Moines West
    School District:
    Des Moines Independent
    Property Description
    Attention Investors. Great turnkey income producing 5 plex within 1 block of Drake University and the new development occurring along University Avenue. The asset is currently bringing in $2880/mo of rental income and the tenants pay many of the utilities. Over the last year the owners have updated and turned over units using a local professional property management company. Value add potential still exists by increasing rents on 3 of the units that are currently rented under market and including the fifth unit in the RUBS plan. The additional value add is estimated to be an additional $300-400/mo. 3 of the units have been remodeled/updated and have new appliances. The rental certificate is in the process of being renewed. Unit 1 = 600, Unit 2 = 785, Unit 3 = 665, Unit 4 = 340, Unit 5 = 520
    Interior Features

    Basement Unfinished Basement YN Yes Cooling Window Unit(S) Furnished Unfurnished Heating Forced AirGas Heating YN Yes

    Property Features

    Lease Considered YN No Listing Terms CashConventional Lot Size Dimensions 72X128 Owner Pays Insurance Property Sub Type Multi Family Tax Annual Amount 4830 Tax Year 2021 Zoning R1-60

    Listing provided courtesy of Keller Williams Realty Gdm. © 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 Better Homes and Gardens Real Estate Innovations. Data last updated: 2021-02-28T00:21:51.887.
     
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