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For sale
  • $4,100,000

    717 Franklin Ave #11, Des Moines, IA 50314

    --beds
    0baths
    4,233sqft
    : 
    Multi Family
    Built in 1901
    -- sqft lot
    $214,300 Zestimate®
    $969/sqft
    $-- HOA

    What's special

    This portfolio includes 10 multifamily properties and 7 single-family homes. The multifamily portion features 44 total units spread across 10 buildings, all currently occupied on a month-to-month basis. These multifamily units generate an annual gross income of $386,940, with an annual net income of $233,689. The 7 single-family homes collectively produce a gross income of $100,200 and net $54,011 annually. The seller has not significantly increased rents in recent years and believes a new owner could realize additional profit through rent adjustments. More Info Here: https://drive.google.com/drive/folders/1DLW1zlK7zyNc5coohMDwK2e77qetJWMs?usp=drive_link
    23 hours
    on Zillow
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    3
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    Zillow last checked: 7 hours ago

    Listing updated: May 09, 2025 at 12:32pm

    Listed by:

    Jeff Downing (515)257-6477,

    LPT Realty, LLC,

    Randy Murphy 515-669-9332,

    LPT Realty, LLC

    Source: DMMLS,MLS#: 717804MLS LogoOriginating MLS: Des Moines Area Association of REALTORS
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    Next available tour time:Today at 5pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Interior area
    • Total structure area: 4,233
    • Total interior livable area: 4,233 sqft

    Property

    Lot
    • Size: 0.3 Acres
    • Dimensions: 100 x 132
    Details
    • Parcel number: 08007891001000
    • Zoning: R1-60

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1901

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Des Moines

    Financial & listing details

    • Price per square foot: $969/sqft
    • Tax assessed value: $151,000
    • Annual tax amount: $51,012
    • Date on market: 5/9/2025
    • Listing terms: Cash,Conventional
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