Drake resurgence and Drake Neighborhood Development over the past several years has resulted in a New life blood and energy inthe the Drake area and opportunity exists for owndership of a 6 apartment property on 22nd st. New windows, new gutters, 2 new 50 gallon water heaters. New rental certificate good thru 2016. Gross income of $30600 for the 6 units with potential for increase. Home can cash flow immediately - approximate cap rate 11%. Separate elecric meters for tenants. Tenants pay electric, landlord pay for gas. Call for showing - Requires a 24 hour notice for tenants - NO EXCEPTIONS
Off market
Street View
$264,100
1079 22nd St, Des Moines, IA 50311
--beds
5baths
3,812sqft
MultiFamily
Built in 1892
-- sqft lot
$264,100 Zestimate®
$69/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 5
Heating
- Other, Other
Cooling
- Other
Appliances
- Included: Refrigerator
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 3,812 sqft
Property
Features
- Exterior features: Stucco
Lot
- Size: 9,060 sqft
Details
- Parcel number: 03000878000000
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Masonry
- Roof: Other
Condition
- Year built: 1892
Community & neighborhood
Location
- Region: Des Moines
Services availability
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Sell for more than others on Zillow
Get a complimentary Zillow Showcase℠ listing and you could sell for .
$264,100
2% more+ $5,282
With Showcase(estimated)
$269,382