7
See all 7 photos
$225,000
Est. payment /mo
2,224 SqFt
Active
2936 E Walnut ST Des Moines, IA 50317
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Six Plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,224 sqft
Price per Sqft $101
MLS Listing ID 68865
HOA Y/N No
Year Built 1870
Annual Tax Amount $5,662
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Six Plex
Source Central Iowa Board of REALTORS®
Land Area 2224
Property Description
Here's a great opportunity to own a 5-unit property just steps from the Iowa State Fairgrounds — a setup that doesn't come along often. You'll find a 4-plex plus a detached single-family home on one lot, giving you multiple income streams and plenty of flexibility.
The property currently brings in $3,750/month in rent (units at $650, $650, $650, $850, and $950). The two upstairs units are long-term tenants, while the others offer room for rent increases or improvements over time. The landlord currently pays all utilities, providing a value-add opportunity for a new owner to transition to tenant-paid utilities and boost cash flow. There's also tons of off-street parking, including extra income during the State Fair when parking demand goes up.
If you've been looking for an affordable multifamily property with strong numbers and even stronger potential, this is it.
The property currently brings in $3,750/month in rent (units at $650, $650, $650, $850, and $950). The two upstairs units are long-term tenants, while the others offer room for rent increases or improvements over time. The landlord currently pays all utilities, providing a value-add opportunity for a new owner to transition to tenant-paid utilities and boost cash flow. There's also tons of off-street parking, including extra income during the State Fair when parking demand goes up.
If you've been looking for an affordable multifamily property with strong numbers and even stronger potential, this is it.
Location
State IA
County Polk
Zoning N3C
Body of Water Public
Rooms
Basement Partial
Interior
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Exterior
Garage No
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Other
Schools
School District Des Moines
Listed by RE/MAX REAL ESTATE CENTER
GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in Nevada, IA
- Homes For Sale in Colo, IA
- Homes For Sale in Ames, IA
- Homes For Sale in Boone, IA
- Homes For Sale in Ankeny, IA
- Homes For Sale in West Des Moines, IA
- Homes For Sale in Urbandale, IA
- Homes For Sale in Polk City, IA
- Homes For Sale in Huxley, IA
- Homes For Sale in Story City, IA
- Homes For Sale in Maxwell, IA
- Homes For Sale in Gilbert, IA
- Homes For Sale in Roland, IA
- Homes For Sale in Collins, IA
- Homes For Sale in Kelley, IA
- Homes For Sale in Cambridge, IA