Des Moines IA Multi Family for Sale
- Type:
- Cluster
- Sq.Ft.:
- 8,631
- Status:
- NEW LISTING
- Beds:
- 14
- Lot size:
- 0.15 Acres
- Year built:
- 1910
- Baths:
- 8.00
- MLS#:
- 707454
ADDITIONAL INFORMATION
Introducing The Cutler Apartments, a historic gem located just blocks from Drake University, Downtown, and Interstate 235, offering unparalleled convenience for residents. This solid brick construction property is in great shape, with spacious units over 1200sf each. Tenants enjoy 2 bedrooms, a living room, dining room, and two additional versatile rooms, making it an ideal living space. Great for work-from-home office. The month-to-month tenancy allows for a seamless transition, and the current low rents present an opportunity for increased income. The property features coin-op laundry for extra revenue and untapped storage space that could generate additional income. Tenants pay for their electricity, while the owner covers common areas, heat, and water. With ample parking and easy commuting, this property is an attractive choice for tenants. Whether it's the proximity to key locations, the spacious units, or the potential for increased income, The Cutler presents a unique opportunity for multifamily/low-rise/garden investors seeking a blend of historical charm and financial potential.
- Type:
- Cluster
- Sq.Ft.:
- 2,018
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.2 Acres
- Year built:
- 1896
- Baths:
- 3.00
- MLS#:
- 706534
ADDITIONAL INFORMATION
Great cash flow opportunity in Drake neighborhood with big neighborhood improvements on the horizon.
- Type:
- Cluster
- Sq.Ft.:
- 2,214
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.15 Acres
- Year built:
- 1891
- Baths:
- 2.00
- MLS#:
- 703957
ADDITIONAL INFORMATION
2+ story top-bottom duplex with both units currently occupied. $1450 monthly gross rent. Unit 1: 2 BR, 1 BA rents at $725/mo. Unit 2 is a 2 BR, 1 BA with additional finished attic currently being used as a BR that rents at $725/mo. Separate meters with tenants paying for gas and electric. Owner/landlord pays water, trash, taxes, insurance, misc expenses. Rental certificate through May 2025. Property is being sold as-is. Listing information per assessor.
- Type:
- Cluster
- Sq.Ft.:
- 3,298
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.15 Acres
- Year built:
- 1893
- Baths:
- 6.00
- MLS#:
- 701254
ADDITIONAL INFORMATION
Great 6-plex Investment in the Drake neighborhood! All units currently available to show. This home is available for grants / loans through Invest DSM. https://investdsm.org/
- Type:
- Cluster
- Sq.Ft.:
- 5,756
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.53 Acres
- Year built:
- 2017
- Baths:
- 5.00
- MLS#:
- 698108
ADDITIONAL INFORMATION
This dormitory-style sorority/fraternity near the Drake University campus will sleep approximately 23 individuals and includes plenty of off-street parking. A commercial-style kitchen and dining hall are on the lower level with elevator access to the main level. The two living quarters on the main level include their own bathrooms and laundry. The second level is dorm style with 7 bunk rooms and a communal bathroom with multiple facilities and laundry. This attractive building is in excellent condition and is furnished.
- Type:
- Cluster
- Sq.Ft.:
- 2,502
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.18 Acres
- Year built:
- 1905
- Baths:
- 4.00
- MLS#:
- 696793
ADDITIONAL INFORMATION
This cash-flowing property is in the heart of the Drake neighborhood and right across the street from the new Broadlawns Clinic at Drake. This fully occupied 4 unit property brings in 3050/mo of rent and all unit specific utilities are paid for by tenants directly. Property has 8+ parking spaces off the street and additional street parking. This could also be a great house hacking opportunity to offset the current housing costs with owner occupied financing with as little as 5% down creating a situation where the fellow tenants offset the mortgage. Contact listing agent for Income statement and specific rent roll per unit.
This 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. This is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2024 Des Moines Area Association of Realtors. All rights reserved.
Des Moines Real Estate
The median home value in Des Moines, IA is $175,700. This is lower than the county median home value of $247,000. The national median home value is $338,100. The average price of homes sold in Des Moines, IA is $175,700. Approximately 55.3% of Des Moines homes are owned, compared to 36.9% rented, while 7.8% are vacant. Des Moines real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Des Moines real estate agent to arrange a tour today!
Des Moines, Iowa 50311 has a population of 213,545. Des Moines 50311 is less family-centric than the surrounding county with 27.63% of the households containing married families with children. The county average for households married with children is 34.53%.
The median household income in Des Moines, Iowa 50311 is $58,444. The median household income for the surrounding county is $73,015 compared to the national median of $69,021. The median age of people living in Des Moines 50311 is 34.2 years.
Des Moines Weather
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 35.9 inches per year, with 32.9 inches of snow per year.