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.
MLS# | 696793 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1905 |
Days On Site | 118 |
Listing Provided By | Keller Williams Realty GDM | Darson Grantham |
Bed(s) | 6 |
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Bath(s) | 4 Total |
SQ Feet | 2,502 |
Basement | Y |
Story(s) | 2 |
Units | 4 |
Zoning | R1-60 |
Acreage | 0.18 |
State | IA |
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County | Polk |
City | Des Moines |
Zip Code | 50311 |
Area | Des Moines West |
Listing VS Median (in 50311) | |
Price: $254,900 low | high Med: $270,750 SqFt: 2,502 low | high Med: 1,478 $ / SqFt: $102 low | high Med: $183 On Site: 118 low | high Med: 31.000000 |