1091 26th Street

Des Moines, IA
$ 235,000 Beds 5 Baths 0 Sq 3,875
Monthly Estimate* How much can I afford?

Attention Investors. Great turnkey income producing 5 plex within 1 block of Drake University and the new development occurring along University Avenue. The asset is currently bringing in $2990/mo of rental income and the tenants pay many of the utilities. Over the last year, the owners have updated and turned over units using a local professional property management company. Value add potential still exists by increasing rents on 3 of the units that are currently rented under market and including the fifth unit in the RUBS plan. The additional value add is estimated to be an additional $300-400/mo. 3 of the units have been remodeled/updated and have new appliances. The rental certificate is in the process of being renewed. Unit 1 = 600, Unit 2 = 750, Unit 3 = 650, Unit 4 = 340, Unit 5 = 650

Multi-Family

  • Price
  • $ 235,000
  • Lot Size
  • 9,148 SqFt
  • Bedrooms
  • 5
  • Sqr Footage
  • 3,875
  • Full Bathrooms
  • 0
  • Year Built
  • 1904
  • Half Bathrooms
  • 0
  • City, Zip
  • Des Moines
  • Taxes
  • 4830
  • County
  • POLK
  • Style
  • Multi Family
  • Area
  • Des Moines West
  • MLS#
  • 621566
  • Zip
  • 50311
Listing Provided by: Keller Williams Realty GDM
Data Source: Des Moines Area Association of REALTORS

Features

General

Cooling Window Unit(s)
Elementary School District Des Moines Independent
Heating Forced Air, Gas
High School District Des Moines Independent
MLS Area Des Moines West
Middle/Junior School District Des Moines Independent
Property SubType Multi Family
Property Type Residential
Terms Cash, Conventional
Zoning R1-60

Interior Features

Air Conditioning Y/N Yes
Basement Unfinished
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area 3875
Total Bedrooms 5

Exterior Features

Lot Dimensions 72X128
Lot Size Acres 0.21
Lot Size Area 0.21
Lot Size Square Feet 9216

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Ankeny, IA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/1/2021 Listed $240,000
3/10/2021 3% - $235,000

Property vs Zip Code Average in 50311

Price
AVG $220K
$240K
Taxes
AVG $4,167
$4,830
Visits
AVG 19
26
Year Built
AVG 1908
1904
Walkscore
AVG 80
79
Data Provided by Walkscore ® not using MLS data

Map

1091 26th Street Des Moines, IA is a Single Family Home for sale at $235000 with 3875 sqft and a lot size of 9,148 SqFt Acre(s). 1091 26th Street Des Moines has 5 bedrooms, 0 baths and was built in 1904. The property's zip code is 50311 which is in Des Moines, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.