Here is an excellent investment opportunity in Des Moines' historic Waterbury Neighborhood with two offerings of apartment buildings located in the heart of the Ingersoll Corridor.
536 48th St hosts 7-units including 5-two bedroom, 1-one-bedroom and 1-studio apartment. The units include hardwood floors and beautiful period woodwork. This property presents buyer prospects with plenty of upside with continued renovation and increased monthly rents. Properties to be sold together – see listing of 4810 Ingersoll. The buildings share ample off-street parking. Proximity to Ingersoll, downtown and all that Des Moines has to offer make this prime potential for investment.
Sold for $575,000 on 10/05/23
$575,000
526 48th St, Des Moines, IA 50312
11beds
4,654sqft
Multi Family, Apartment
Built in 1927
-- sqft lot
$711,800 Zestimate®
$124/sqft
$1,354 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 18, 2023 at 12:29pm
Listed by:
James Hibbs (515)270-5252,
Coldwell Banker Mid-America
Bought with:
Kathryn Driscoll
Iowa Realty Beaverdale
Source: DMMLS,MLS#: 679670
Originating MLS: Des Moines Area Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 7
- Full bathrooms: 7
Heating
- See Remarks
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Stove
Features
- Flooring: Carpet, Hardwood, Laminate, Vinyl
- Basement: Daylight,Finished
Interior area
- Total structure area: 4,654
- Total interior livable area: 4,654 sqft
- Finished area below ground: 1,800
Property
Lot
- Size: 9,975 sqft
- Dimensions: 56 x 178
Details
- Parcel number: 09005605000000
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: See Remarks
- Roof: Asphalt,Shingle
Condition
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Laundry Facilities, Storage Facilities
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$711,800
2% more+$14,236
With Zillow Showcase(estimated)$726,036