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Map
$405,000
●
Multifamily -
For Sale
1123 24th Street
Des Moines, IA 50311
Studio
4 Baths
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.
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
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/12/2023
|
|
Studio
|
4 Bath
|
2428 ft²
|
$425,000
Studio
4 Bath
2428 ft²
|
-
-
|
-
|
Chase Keller
RE/MAX Concepts
|
06/22/2020
|
|
Studio
|
3 Bath
|
2428 ft²
|
$150,000
Studio
3 Bath
2428 ft²
|
-
-
|
-
|
-
|
Building Info
About Drake Park
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