717 Franklin Avenue #11 new Save Request In-Person Tour Request Virtual Tour
Des Moines,IA 50314
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,233 sqft
Price per Sqft $968
MLS Listing ID 717804
Year Built 1901
Annual Tax Amount $51,012
Lot Size 0.303 Acres
Property Description
This portfolio includes 10 multifamily properties and 7 single-family homes. The multifamily portion features 44 total units spread across 10 buildings, all currently occupied on a month-to-month basis. These multifamily units generate an annual gross income of $386,940, with an annual net income of $233,689.
The 7 single-family homes collectively produce a gross income of $100,200 and net $54,011 annually. The seller has not significantly increased rents in recent years and believes a new owner could realize additional profit through rent adjustments.
More Info Here: https://drive.google.com/drive/folders/1DLW1zlK7zyNc5coohMDwK2e77qetJWMs?usp=drive_link
Location
State IA
County Polk
Area Des Moines N.West
Zoning R1-60
Schools
School District Des Moines Independent
Others
Monthly Total Fees $4,251
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional