Charming Historic Duplex ? A Prime Investment Opportunity! This beautifully maintained historic duplex boasts two spacious, character-filled two-story units. Step inside and be greeted by soaring ceilings, stunning woodwork, and expansive windows that flood the gorgeous hardwood floors with natural light. Each unit offers a warm and inviting atmosphere, blending vintage charm with built-in cabinetry and shelving. The kitchens are well-equipped with ample cabinetry, appliances, with Unit 1222 featuring a portable dishwasher for added ease. Recent upgrades include newly added half baths on each main level, enhancing functionality. Upstairs, you'll find two generously sized bedrooms with built-in features and walk-in closets, along with full bathrooms showcasing remodeled showers. Sun-drenched bonus rooms overlook the backyard, providing the perfect space for a home office, reading nook, or creative retreat. Plus, all second-story windows have been replaced for improved energy efficiency. The lower level offers abundant storage and convenient laundry facilities. Outside, enjoy a fenced backyard with low-maintenance rocked landscaping and a two-stall detached garage. Major improvements in the last five years include a new roof, gutters, and exterior paint to both the duplex and garage. Nestled in a prime location with quick access to I-235, grocery stores, and restaurants, this property is a must-see. Schedule a private showing through your agent or reach out to me directly!
4-Plex in PRIME location right between Grand and Ingersoll Avenues! Don't miss this opportunity! 4 Units include two 2-BRs, one 1-BR, and 1 studio. Recent cosmetic updates such as neutral paint, flooring, and some kitchen and BA updates provide a fresh look and feel to the units! Each unit features a kitchen with fridge and stove. Coin laundry on site. Parking lot behind building provides plenty of off street parking for residents. Current rental certificates good through March 2026. So close to all of The Avenues amenities, and quick access to I-235 to get anywhere else in the metro! Come see today!
Great investment opportunity with this renovated four plex. Recent upgrades including a new roof, mini-split heating and cooling systems, furnace, water heater, sewer line, and water line ensure low maintenance. Each unit has been updated recently. Whether you're a seasoned investor or new to real estate, this turnkey property offers the perfect opportunity to capitalize on the high demand for multi-family housing in the area. Current rents have been between $850-$1000 per unit. Call to set up a showing today!
This charming duplex is an investors dream or live in one side and rent out the other! This two story, side by side duplex offers spacious living area of 1,832 sq ft. This duplex is situated in a desirable neighborhood and offers convenient access to grocery stores, restaurants, banks, drug stores and entertainment venues. Also located on city bus routes. Each unit has two bedrooms upstairs with a full bath. The main floor has a living room, dining room and kitchen. There is storage space and laundry in the basement. New siding and windows were installed in 2021. Each side has a deck and private driveway that backs up to a serene forest. Both units are currently rented on a month to month lease. Both sides are currently rented bringing a monthly income of $1,725. These rents could be raised. This is a turnkey investment opportunity and presents an excellent opportunity for investors or those seeking a multi-family residence. Call today to make an appointment to see this rare investment opportunity.
Welcome to 1513 Des Moines Street, a prime multi-unit investment property in the heart of Des Moines. This 3-unit multiplex presents an excellent opportunity for investors seeking immediate rental income with built-in occupancy. Two of the three units are already filled, providing steady cash flow from day one. The property offers three distinct rental units, each with its own full bathroom. The first unit is a spacious 3-bedroom, 1-bathroom layout, ideal for a larger household. The second unit features 2 bedrooms and 1 bathroom, providing comfortable living space, while the third unit is a 1-bedroom, 1-bathroom unit, perfect for a single occupant or couple.
Freshly renovated from top to bottom, this charming duplex is a fantastic investment or owner-occupant opportunity! Each unit features 1 bedroom, 1 full bath, a beautifully remodeled kitchen, and a cozy living room. The entire property has been updated with new LVP flooring, fresh paint, and modern finishes throughout. The kitchens boast brand-new appliances, including dishwashers, while the basement provides additional living space and washer/dryer hookups. Enjoy year-round comfort with a brand-new furnace and peace of mind with a newer roof. A two-car detached garage is currently being built for added convenience. Move-in ready and completely updated don't miss this incredible opportunity! All information obtained from Seller and public records.
Recently remodeled 4 plex. Newer roof, heating and updates to all 4 units.
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.
Prime Multifamily Opportunity in the Drake University Area! This impressive investment comprises 47 units across five buildings, offering a rare chance to acquire a substantial, well-maintained asset in a highly sought-after location. Ample off-street parking, a premium amenity in the Drake area, enhances tenant appeal and adds value. Owned and operated for decades by dedicated sellers, the property has been meticulously maintained, ensuring reliability and consistent performance. With current rents below market rates, this property provides significant value-add potential. The month-to-month leases allow for a seamless transition for the next owner to implement rent increases and maximize revenue. Additional income opportunities include introducing laundry services, pet fees, and a RUBS (Ratio Utility Billing System) program. These enhancements can unlock greater profitability and long-term growth. The tenant base is stable and reliable, while recent upgrades ensure a modern living environment that attracts and retains renters. This property is a prime opportunity to capitalize on Des Moines' resilient multifamily market, offering steady cash flow and significant upside potential. Addresses: 1359 & 1337 24th St 1322 & 1340 23rd St 1411 22nd St (must be purchased together)
$2,500 gross rent per month. Solid value add opportunity to increase rents over time and remodel units at turn over. Property south of Grandview University on the west side of E. 14th Street. 2 one bedroom units. 2 efficiency units. Owner pays water and the common area MidAmerican. 5 separate meters. Rental certificate good through December 2027.
7 unit multi-family conversion located in the River Bend Neighborhood of Des Moines. Complex is 100% occupied and consists of 1- 2 bedroom, 2- 1 bedroom units, and 4- efficiency units. Please contact listing agent for financials and/or to set up a tour.
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!
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.
Great cash flow opportunity in Drake neighborhood with big neighborhood improvements on the horizon.
Such an amazing chance to start or build your investment portfolio. This fully rented multifamily property brings in steady income and has been well maintained. Located centrally with easy access to everything, it is attractive for renters. Must request showing AT LEAST 48 hours in advance.
2+ story top-bottom duplex with both units currently occupied. $1550 monthly gross rent. Unit 1: 2 BR, 1 BA rents at $750/mo. Unit 2 is a 2 BR, 1 BA with additional finished attic currently being used as a BR that rents at $800/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.
This duplex features remodeling to include electrical, plumbing, floors, paint, doors, fixtures, lighting, etc. It has a 10 year TAX ABATEMENT!! All units have separate entrances and off-street parking.The downstairs unit has a large basement. The upstairs has 3 bedroom, 1 bath, washer/dryer, kitchen and dining area and living room; the downstairs unit has 3 bedrooms (1 non-conforming in the basement), 1 bath, large basement, kitchen, dining area and washer/dryer hookups. There is also a 2 car garage, two additional parking spaces plus the parking in the street.
Des Moines is located in Iowa. Des Moines, Iowa has a population of 213,545. Des Moines is less family-centric than the surrounding county with 28.89% 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 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 is 34.2 years.
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.
