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4221 SE 13th Street

Des Moines, IA 50315
  • $1,680,000
  • STATUS: Active
  • ON SITE: 76 Days
  • MLS #: 697989
Price Reduced
$1,680,000
  • 24
    BEDS
  • 0.65
    ACRES
  • 24
    BATHS
  • 0
    1/2 BATHS
  • 14,256
    SQFT
  • $118
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

School District:

Description

Presenting the Southview Apartment Complex on Des Moines' SE side. This 24-unit property features all 1 bed/1 bath units, perfect for steady rental demand. Nestled on a quiet street, residents enjoy easy access to public transportation and the convenience of two dedicated parking lots, eliminating the hassle of street parking. Consistent rental history and untapped potential for income growth. Current rents are 4% below market value, providing a lucrative opportunity for increased returns. Don?t miss out on this chance to enhance your investment portfolio with a solid and promising asset.

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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: 2024-09-11T00:22:25.96.
www.kooymanrealestateteam.com/homes/152037518
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4221 SE 13th Street Des Moines, IA 50315

  • Price: $1,680,000
  • Status: Active
  • On Site: 76 Days
  • MLS #: 697989
24
Beds
24
Baths
0
½ Baths
0.65
Acres
14,256
SQFT
$118
$/SQFT
1971
Built
Neighborhood:
Des Moines S.East
County:
Polk
Area:
Des Moines S.East
School District:
Des Moines Independent
Property Description
Presenting the Southview Apartment Complex on Des Moines' SE side. This 24-unit property features all 1 bed/1 bath units, perfect for steady rental demand. Nestled on a quiet street, residents enjoy easy access to public transportation and the convenience of two dedicated parking lots, eliminating the hassle of street parking. Consistent rental history and untapped potential for income growth. Current rents are 4% below market value, providing a lucrative opportunity for increased returns. Don?t miss out on this chance to enhance your investment portfolio with a solid and promising asset.
Exterior Features

Construction Materials Brick Vinyl Siding Foundation Details Block Road Surface Type Asphalt Roof Asphalt Shingle

Interior Features

Appliances Refrigerator Stove Cooling Window Unit(s) Cooling YN Yes Furnished Unfurnished Heating Baseboard Electric Heating YN Yes

Property Features

Electric On Property YN Yes Gross Income 178578 Lease Considered YN No Listing Terms Cash Conventional Owner Pays Electricity Gas Insurance Taxes Water Sewer Public Sewer Tax Annual Amount 26396 Tenant Pays Taxes Water Utilities Electricity Available Natural Gas Available Water Available Water Source Public Zoning C-2

Listing provided courtesy of RE/MAX Concepts: (515) 276-2872. © 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: 2024-09-11T00:22:25.96.
 
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