1013 Walnut St, West Des Moines, IA 50265

Excellent income opportunity and above average annual CAP rate. Property was converted from a split level single family home to a 2 unit duplex prior to current owner. Both units occupied by good paying tenants who are currently on month to month leases, one month rent as security deposit. Assessor shows that each unit has 2 BR, 1BA; according to seller each unit is actually 1 BR, 1 BA. Separate gas and electric meters. One water meter & one hot water heater service both units; hot water heater new in 2015. Electric laundry hook-ups. Large lot extends west to the corner of 11th & Walnut Streets. Inspection certificate is current.