Check Availability
$405,000
Multifamily - For Sale

1123 24th Street

Des Moines, IA 50311
bedrooms
Studio
bathrooms
4 Baths
square feet
2428 Sqft
$2,375
Estimated Monthly
1.21%
Cap Rate

About This Property

This property had a complete overhaul in 2022, completely gutting all units and replacing everything inside and out. All new separated heat, electric and plumbing. All new mechanicals, new siding, windows, roof, porch, everything! Property has security system in place. Coin-op laundry in basement common area. Also a storage space that could be tapped for even more income. 5 blocks from Interstate 235 and about a mile from downtown. Directly in the center of the metro, making commuting anywhere a breeze. Plenty of off-street parking for tenants. Drake University area boasts a large Graduate student population with obvious benefits, but the Drake neighborhood pulls tenants from much more than just the University. Location so close to downtown, close to interstate and amazing walkability. Value Add: Room to increase rents, add basement storage, allow pets for additional income.

The manager has listed the unit size as 2428 square feet.
Unit Size
2,428Ft²
Days on Market
132 days
Land Size
0.15 acres
Price per sqft
$167
Property Type
Multifamily
Property Taxes
$386
HOA Dues
-
Year Built
1904

Listed By

Liz Keller
Liz Keller
RE/MAX Real Estate
Last updated: 4 months ago (DMAARIA #687662)

Price History

Date / Event Date Event Price
Jan 15, 2024 Listed by RE/MAX Precision $405,000
Listed by RE/MAX Precision
Apr 26, 2022 Sold $388,000
Sold
Sep 16, 2020 Sold to Eric Ingvall $145,000
Sold to Eric Ingvall
Jan 30, 1998 Sold to Randy A Andreini $12,000
Sold to Randy A Andreini

Property Highlights

Exterior Details

Exterior Information

Wood

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
House
3 Beds
2.5 Baths
2,354 ft²
$185/ft²
$435,000 Nov 29, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230512
05/12/2023
Studio
4 Bath
2428 ft²
$425,000
bedrooms
Studio
bathrooms
4 Bath
square feet
2428 ft²
-
-
-
Chase Keller
RE/MAX Concepts
20200622
06/22/2020
Studio
3 Bath
2428 ft²
$150,000
bedrooms
Studio
bathrooms
3 Bath
square feet
2428 ft²
-
-
-
-

Building Info

1123 24th Street 1123 24th Street, Des Moines, IA 50311
  • 1 Unit for Sale
More about this Building
1123 24th Street
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About Drake Park


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