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717 Franklin Avenue , #11

Des Moines, IA 50314
  • $3,400,000
  • STATUS: Active
  • ON SITE: 69 Days
  • MLS #: 717804
UPDATED: 183 min ago
$3,400,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,233
    SQFT
  • $803
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1901
County:

School Ratings & Info

School District:

Description

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

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© 2025 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 | RE/MAX Concepts. Data last updated: 2025-07-18T00:22:32.11.
www.kooymanrealestateteam.com/homes/163573612
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717 Franklin Avenue , #11 Des Moines, IA 50314

  • Price: $3,400,000
  • Status: Active
  • On Site: 69 Days
  • Updated: 183 min ago
  • MLS #: 717804
0
Beds
0
Baths
0
½ Baths
0.3
Acres
4,233
SQFT
$803
$/SQFT
1901
Built
Neighborhood:
Des Moines N.West
County:
Polk
Area:
Des Moines N.West
School District:
Des Moines Independent
Property Description
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
Property Features

Gross Income 487140 Lease Considered YN No Listing Terms Cash Conventional Lot Size Dimensions 100 X132 Operating Expense 198531 Tax Annual Amount 51012 Zoning R1-60

Listing provided courtesy of LPT Realty, LLC: (877) 366-2213. © 2025 Des Moines Multiple Listing Service.
© 2025 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 | RE/MAX Concepts. Data last updated: 2025-07-18T00:22:32.11.
 
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7101 Vista Drive
West Des Moines IA, 50266