Description
Large well well-maintained 11 plex near Drake University. Building has (9) one bedroom and (2) two bedroom units and (9) single garages. Located on a quiet street this property has been updated to be maintenance-free and has a rental certificate valid until April 2027. New apartment building roof was installed in 2016. New garage roofs in 2015 have a lifetime warranty 40 mil rubber. Units all have separate heating, with a mix of hot water, forced air and baseboard. Window AC units in 1-9 are tenant-owned. Newer AC units in 10 & 11 are seller owned. All bathrooms and 10 kitchens have been updated. Most windows are new and have exterior metal clad. A coin-operated washer and dryer is in the basement along with lots of storage. An updated fire alarm is operating and inspected. Northeast of building is a large vacant lot included, and could be additional parking or garages. Improvement grant money is available from Invest DSM. Check this one out today!
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13BEDS
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0.47ACRES
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11BATHS
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01/2 BATHS
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7,932SQFT
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$125$/SQFT
Description
Large well well-maintained 11 plex near Drake University. Building has (9) one bedroom and (2) two bedroom units and (9) single garages. Located on a quiet street this property has been updated to be maintenance-free and has a rental certificate valid until April 2027. New apartment building roof was installed in 2016. New garage roofs in 2015 have a lifetime warranty 40 mil rubber. Units all have separate heating, with a mix of hot water, forced air and baseboard. Window AC units in 1-9 are tenant-owned. Newer AC units in 10 & 11 are seller owned. All bathrooms and 10 kitchens have been updated. Most windows are new and have exterior metal clad. A coin-operated washer and dryer is in the basement along with lots of storage. An updated fire alarm is operating and inspected. Northeast of building is a large vacant lot included, and could be additional parking or garages. Improvement grant money is available from Invest DSM. Check this one out today!