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1327 13th Street

Des Moines, IA 50314
  • $440,000
  • STATUS: Active
  • ON SITE: 222 Days
  • MLS #: 654828
$440,000
  • 5
    BEDS
  • 0.17
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 7,480
    SQFT
  • $59
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

School District:

Description

INVESTORS!!! Take a look at this value to add/ cash-flowing, 5plex, conveniently located minutes from downtown and Drake University. The property is fully occupied; leases are signed with a current rental certificate. A handyman living in one of the units helps with almost all maintenance, repairs, updates, and management of the property. Rents are $725, $725, $900, $725, and $900, with the tenants paying utilities (water, gas, electric) that are at $725, and tenants not paying utilities that are at $900 (all tenants are current on rent and have never had a problem). The approximate annual NOI is $36,300. Recent updates include a new roof, parking lot, sidewalk, flooring, appliances, windows, paint, and other miscellaneous items. Vacant storage space in the basement (600 SF) could be converted into an additional unit to help build additional equity/ cash flow; plumbing and electrical are already roughed in. Reach out TODAY for more detailed information regarding the finances and quality of the property.

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© 2023 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 Bacon Real Estate | RE/MAX Precision. Data last updated: 2023-02-02T00:22:48.973.
www.callbacon.com/homes/130245896
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1327 13th Street Des Moines, IA 50314

  • Price: $440,000
  • Status: Active
  • On Site: 222 Days
  • MLS #: 654828
5
Beds
5
Baths
0
½ Baths
0.17
Acres
7,480
SQFT
$59
$/SQFT
1953
Built
Neighborhood:
Des Moines N.West
County:
Polk
Area:
Des Moines N.West
School District:
Des Moines Independent
Property Description
INVESTORS!!! Take a look at this value to add/ cash-flowing, 5plex, conveniently located minutes from downtown and Drake University. The property is fully occupied; leases are signed with a current rental certificate. A handyman living in one of the units helps with almost all maintenance, repairs, updates, and management of the property. Rents are $725, $725, $900, $725, and $900, with the tenants paying utilities (water, gas, electric) that are at $725, and tenants not paying utilities that are at $900 (all tenants are current on rent and have never had a problem). The approximate annual NOI is $36,300. Recent updates include a new roof, parking lot, sidewalk, flooring, appliances, windows, paint, and other miscellaneous items. Vacant storage space in the basement (600 SF) could be converted into an additional unit to help build additional equity/ cash flow; plumbing and electrical are already roughed in. Reach out TODAY for more detailed information regarding the finances and quality of the property.
Exterior Features

Construction Materials Brick Foundation Details Block Road Surface Type Concrete Roof Rubber

Interior Features

Appliances MicrowaveRefrigeratorStove Basement Finished Basement YN Yes Below Grade Finished Area 775 Cooling Window Unit(S) Cooling YN Yes Heating Forced AirGasNatural Gas Heating YN Yes

Property Features

Lease Considered YN No Listing Terms CashConventional Lot Features Rectangular Lot Lot Size Dimensions 55X136 Property Sub Type Apartment Sewer Public Sewer Structure Type ApartmentMulti Family Tax Annual Amount 4981 Tax Year 2022 Water Source Public Zoning R1-60

Listing provided courtesy of Realty One Group Impact: (515) 446-7524. © 2023 Des Moines Multiple Listing Service.
© 2023 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 Bacon Real Estate | RE/MAX Precision. Data last updated: 2023-02-02T00:22:48.973.
 
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