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1050 21st Street

Des Moines, IA 50311
  • $615,000
  • STATUS: Active
  • ON SITE: 77 Days
  • MLS #: 701347
$615,000
  • 8
    BEDS
  • 0.33
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,965
    SQFT
  • $207
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1895
County:

School Ratings & Info

School District:

Description

Property for Sale: Turn-Key Airbnb with High Earnings Near Downtown Des Moines. This multifamily property, just minutes from Downtown, generates over $110,000 annually, providing a hassle-free investment. Recently remodeled, it includes three updated units: a spacious 4-bedroom penthouse, a comfortable 3-bedroom, and a charming 2-bedroom. Upgrades feature new flooring, kitchens, bathrooms, granite countertops, and stainless steel appliances, along with a new roof, updated electrical systems, mini-split systems, fresh paint, and new siding. Ideally located, the property offers easy access to Sherman Hill and brewery districts, and it's a 5-minute drive to Court Avenue and Wells Fargo Arena. The airport is just 7 minutes away, and ample parking enhances convenience for guests. The property is sold fully furnished, including over $35,000 in furniture and assets. A rental certification is in place! Just renewed and good until April 2027. Additionally, there's an office/shop space in the rear with a new tenant LOI for $700/month, or it can be used by the owner. This is a rare chance to acquire a fully remodeled, high-performing Airbnb that offers immediate returns and long-term value. Three years of financials and remodel budgets are available. The seller can offer rate buy-down credits, closing cost assistance, and short-term rental management during the transition if needed. Don't miss this opportunity!

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© 2024 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kooyman Real Estate Team | Coldwell Banker Mid-America. Data last updated: 2024-11-06T00:22:39.707.
www.kooymanrealestateteam.com/homes/153864615
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1050 21st Street Des Moines, IA 50311

  • Price: $615,000
  • Status: Active
  • On Site: 77 Days
  • MLS #: 701347
8
Beds
3
Baths
0
½ Baths
0.33
Acres
2,965
SQFT
$207
$/SQFT
1895
Built
Neighborhood:
Des Moines West
County:
Polk
Area:
Des Moines West
School District:
Des Moines Independent
Property Description
Property for Sale: Turn-Key Airbnb with High Earnings Near Downtown Des Moines. This multifamily property, just minutes from Downtown, generates over $110,000 annually, providing a hassle-free investment. Recently remodeled, it includes three updated units: a spacious 4-bedroom penthouse, a comfortable 3-bedroom, and a charming 2-bedroom. Upgrades feature new flooring, kitchens, bathrooms, granite countertops, and stainless steel appliances, along with a new roof, updated electrical systems, mini-split systems, fresh paint, and new siding. Ideally located, the property offers easy access to Sherman Hill and brewery districts, and it's a 5-minute drive to Court Avenue and Wells Fargo Arena. The airport is just 7 minutes away, and ample parking enhances convenience for guests. The property is sold fully furnished, including over $35,000 in furniture and assets. A rental certification is in place! Just renewed and good until April 2027. Additionally, there's an office/shop space in the rear with a new tenant LOI for $700/month, or it can be used by the owner. This is a rare chance to acquire a fully remodeled, high-performing Airbnb that offers immediate returns and long-term value. Three years of financials and remodel budgets are available. The seller can offer rate buy-down credits, closing cost assistance, and short-term rental management during the transition if needed. Don't miss this opportunity!
Exterior Features

Architectural Style Two Story Attached Garage YN No Construction Materials Vinyl Siding Foundation Details Block Garage YN Yes Levels Two Parking Features Detached Garage Two Car Garage Road Surface Type Asphalt

Interior Features

Basement Unfinished Basement YN Yes Cooling Window Unit(s) Cooling YN Yes Flooring Carpet Tile Vinyl Heating Forced Air Gas Heating YN Yes

Property Features

Lease Considered YN No Listing Terms Cash Conventional Lot Features Rectangular Lot Lot Size Dimensions 89 X162 Sewer Public Sewer Tax Annual Amount 3600 Water Source Public Zoning R-3

Listing provided courtesy of Pennie Carroll & Associates: (515) 490-8025. © 2024 Des Moines Multiple Listing Service.
© 2024 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kooyman Real Estate Team | Coldwell Banker Mid-America. Data last updated: 2024-11-06T00:22:39.707.
 
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Kooyman Real Estate Team | Coldwell Banker Mid-America
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Altoona IA, 50009