35
See all 35 photos
$4,100,000
Est. payment /mo
4,233 SqFt
New
717 Franklin Avenue #11 Des Moines, IA 50314
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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
HOA Y/N No
Year Built 1901
Annual Tax Amount $51,012
Lot Size 0.303 Acres
Acres 0.303
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
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
Interior
Fireplace No
Exterior
Private Pool No
Schools
School District Des Moines Independent
Others
Tax ID 08007891001000
Monthly Total Fees $4, 251
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by LPT Realty, LLC