1091 26th Street

Des Moines, IA
$ 220,000 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
  • $ 220,000
  • Lot Size
  • 9,216 SqFt
  • Bedrooms
  • 5
  • Sqr Footage
  • 3,875
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Des Moines
  • County
  • POLK
  • Style
  • Area
  • MLS#
  • 621566
  • Zip
  • 50311
Listing Provided by: Keller Williams Realty GDM
Data Source: Des Moines Area AOR (DMAAR) - 188 - IA

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary 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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Default based on a 30-year fixed rate of 2.99% 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
Middle School
High School

Price History

2/1/2021 Listed $240,000
3/10/2021 3% - $235,000
4/23/2021 3% - $230,000
6/1/2021 3% - $225,000

Property vs Zip Code Average in 50311

Price
AVG $220K
$230K

Map

1091 26th Street Des Moines, IA is a Single Family Home for sale at $225000 with 3875 sqft and a lot size of 9,216 SqFt Acre(s). 1091 26th Street Des Moines has 5 bedrooms, 0 baths . 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 2.99% 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.