2813 Cottage Grove Ave, Des Moines, IA 50311

Five unit apartment complex in the heart of Des Moines. This Brick building was remodeled in 1969 per Polk Co. Assessor page. There are three (3)- one bedroom units with 3/4 bathroom and one two (2) bedroom unit with a full bath and a one three (3) bedroom unit with a full bath. One of the tenants has lived here for over 19 years according to previous landlord! There is plenty of parking space behind the building for tenants. This income generator is close to Drake University and is minutes from interstate for easy access to anywhere in the city. Rental income is currently $2885 per month. Expenses are $659 per month. The expenses are for water,trash,some utilities for the house account gas/electric,insuran. Each unit has a refrigerator and stove. There has been many updates/repairs such as new gutters and downspouts, new soffit, and fire alarm. In 2010 insulation was installed by Energy Masters and the boiler is maintained by Thrasher. Some units have new carpet, paint, and much more!