$1,200,000
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1241 33rd Street Des Moines, IA 50311
Cluster
Residence
18
Beds
12
Baths
6,836
Sq. Ft.
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The Drake Residences are a 6 unit condo platted community located within the campus of Drake University. This premier turnkey student housing opportunity includes a single family house with five large townhomes, each comprised of 3 Bedrooms and 2 Bathrooms with in-unit laundry. This cash-flowing ass...et features professionally designed units in a superb location. All units have been fully updated with modern finishes - including quartz countertops, shaker cabinets, and stainless steel appliances. Electrical, plumbing, windows, and most HVAC units are newer. Each residence has separate gas and electric meters that are paid by the residents, along with a flat rate common utility billing program for water/sewer/trash/landscaping. Easy to self manage and transfer on its current platform. Currently priced at an actual 8 cap based on continued self management.
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MLS#
700351
Property Type
Cluster
Bedrooms
18
Bathrooms
12 Full
Square Feet
6,836
sq. ft
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