718 15th Street

    Des Moines, IA 50314
    • $899,000
    • STATUS: Active
    • ON SITE: 116 days
    • MLS #: 550346
    UPDATED: 28 min ago
    $899,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 6,840
      SQFT
    • $131
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    INVESTORS THIS IS A GREAT OPPORTUNITY! Location, Location Location!!! This newly updated 12 plex sits on the far east edge of the Historic Sherman Hill neighborhood. Over the last 4 months this apartment building has be updated to fit the style and needs of so many new tenants flooding the downtown market. There are 12 total units and 2 floor plans. Six of the units are 1 bed, 1 bath & six are 1 bed, 1 bath with a large office room. With all new trim, paint, lighting, cabinets, granite countertops, and full sized stainless steel appliances this building will set itself above the rest in the neighborhood. A new roof was installed last fall, while inside there are brand new 15 yr floors, baseboard heat.This property is being sold "AS-IS". There are a few projects that still need to be completed on the tail end of this renovation which allows for a great value add situation.

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    © 2018 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 Moulton & Associates Realtors. Data last updated: 2018-02-24T22:22:15.993.
    www.moultonrealtors.com/homes/78296819

    718 15th Street Des Moines, IA 50314

    • Price: $899,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 550346
    0
    Beds
    12
    Baths
    0
    ½ Baths
    0.12
    Acres
    6,840
    SQFT
    $131
    $/SQFT
    1908
    Built
    Neighborhood:
    Downtown
    County:
    Polk
    Area:
    Downtown
    School District:
    Des Moines Independent
    Property Description
    INVESTORS THIS IS A GREAT OPPORTUNITY! Location, Location Location!!! This newly updated 12 plex sits on the far east edge of the Historic Sherman Hill neighborhood. Over the last 4 months this apartment building has be updated to fit the style and needs of so many new tenants flooding the downtown market. There are 12 total units and 2 floor plans. Six of the units are 1 bed, 1 bath & six are 1 bed, 1 bath with a large office room. With all new trim, paint, lighting, cabinets, granite countertops, and full sized stainless steel appliances this building will set itself above the rest in the neighborhood. A new roof was installed last fall, while inside there are brand new 15 yr floors, baseboard heat.This property is being sold "AS-IS". There are a few projects that still need to be completed on the tail end of this renovation which allows for a great value add situation.
    Exterior Features

    Driveway None Exterior Brick Lot Shape Regular Lot Size 5208 Off Street Parking Yes - Park St Paved Yes Roof Rubber Sidewalk Yes Storage Yes Street Feature Concrete Style Three Story

    Interior Features

    Air Conditioning Window Unit Basement Desc FinishedPartialPartial FinishedUnfinishedWalkout Basement Sq Ft 1940 Baths Total 12.00 Dishwashers Total 12 Disposals Total 12 Fridges Total 12 Furnished No Heat Hot Water Heat Source See Remarks Included Items DishwasherDryerMicrowaveRefrigeratorStoveWasher Interior Features Cable TvSmoke Detector Kitchens Total 12 Laundry Yes Living Area Sq Ft 6840 Stoves Total 12

    Property Features

    Amenities Extra StorageSee RemarksSnow Removal Association Fee Yn No Board ID Des Moines Deposit Yes Foundation Brick Gross Operating Income 137520 Landlord Tenant Utilities Building Insurance OwnerElectric TenantGas LandlordGas TenantInsurance LandlordInsurance TenantTaxes OwnerWater LandlordWater Tenant REO No Sellers Request No Separate Meters Yes Services Lawn CareSnow RemovalTrash Service Sewer City Termite Call Listing Agent Terms Available CashConventional Total1 Bedroom Units 12 Water City Zoning R-Hd

    Listing provided courtesy of Stanbrough Realty. © 2018 Des Moines Multiple Listing Service.
    © 2018 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 Moulton & Associates Realtors. Data last updated: 2018-02-24T22:22:15.993.
    Moulton & Associates Realtors
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