Drake resurgence and Drake Neighborhood Development over the past several years has resulted in aNew Life Blood and Energy into the Drake area and Opportunity exists for Ownership of a 6 Apartment Property on 22nd Street. New 100 gallon Water Heater. Rental Certificate good thru 2015. Gross Income of $32,580 for the 6 Units with Potential for increases. Investment Property can cash flow immediately-Approximate Cap Rate 14%. Separate Electric Meters for Tenants. Tenants pay electric. Landlord pay for gas. Property at 1079 22nd Street provides Heat to this Property. Call for showing-Requires a 24 Hour Notice for tenants-NO EXCEPTIONS.
Off market
Street View
$285,100
1083 22nd St, Des Moines, IA 50311
--beds
5baths
4,244sqft
MultiFamily
Built in 1882
-- sqft lot
$285,100 Zestimate®
$67/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 5
Heating
- Other, Other
Cooling
- Other
Appliances
- Included: Refrigerator
Features
- Basement: Finished
Interior area
- Total interior livable area: 4,244 sqft
Property
Features
- Exterior features: Metal
Lot
- Size: 8,712 sqft
Details
- Parcel number: 03000877000000
Construction
Type & style
- Home type: MultiFamily
Materials
- Metal
- Roof: Other
Condition
- Year built: 1882
Community & neighborhood
Location
- Region: Des Moines
Services availability
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Get a free Zillow Showcase℠ listing and you could sell for .
$285,100
2% more+ $5,702
With Zillow Showcase(estimated)
$290,802