1171 21st St, Des Moines, IA 50311

Great investment opportunity! Turn-key, fully occupied, cash flowing duplex priced at a 9.76% Cap. Both current tenants have yet to be late on rent. Tenants are responsible for all utilities. Rental license good until May 2027.Unit 1: 2Br, 1Ba + bonus room. Large front porch, keyless entry both front and back doors, opportunity to convert bonus room to a bedroom, opportunity to convert room behind bathroom into laundry room utilizing existing plumbing.Unit 2: 4Br, 1Ba.Yard: concrete slab for parking and opportunity to build a 4-stall garage off of the alley, with plenty of remaining yard space.Opportunity to continue renting for a few years then convert to 7Br 2Ba SFR.Several structural and cosmetic improvements have taken place throughout both units over recent years. Split Furnaces for each unit, both in good condition, each believed to be less than 10 years old. Both water heaters are brand new. Property was appraised by Rally Appraisal 4/24 at $265k, prior to partial roof replacement, full gutter replacement, and unit 1 remodel.Minimum 24 hours notice required for showings. Please contact seller for further information. Seller agent has ownership interest in the property.