Looking for a 1031 exchange or an easy way to build an investment portfolio? This multi-family 5 plex
is it! All five units are rented out, and the cap rate is over 8.6%. Building updates include: new
water heater, new fire escape (in progress), new flooring and paint in the hallway common area, new
exterior door, new basement windows, exterior tuckpointing. Unit updates include:
- Apt 1: Full remodel including bathroom and kitchen, new appliances, and new flooring. Some new
windows and exterior door
- Apt 3: Basement - New flooring and stove, new door
- Apt 4: Full remodel including bathroom and kitchen, new appliances, and new flooring
- Apt 5: Full remodel including bathroom and kitchen, new appliances, and new flooring
Building has a 6th unit on top floor that can be renovated and rented out or lived in by a new owner.
For sale
$355,000
1072 27th St, Des Moines, IA 50311
3beds
2,769sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$128/sqft
$-- HOA
What's special
New basement windowsFull remodelNew appliances
- 16 days |
- 204 |
- 6 |
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