50314 IA, Des Moines 717 Franklin Avenue #11

50314 IA Properties for Sale in Des Moines with MLS # 717804

$3,400,000

  • N/A
  • N/A
  • 4233
  • Active
Price Decreased

General Description

This portfolio includes 10 multifamily properties and 7 single-family homes. The multifamily portion features 44 total units spread across 10 buildings, all currently occupied on a month-to-month basis. These multifamily units generate an annual gross income of $386,940, with an annual net income of $233,689. The 7 single-family homes collectively produce a gross income of $100,200 and net $54,011 annually. The seller has not significantly increased rents in recent years and believes a new owner could realize additional profit through rent adjustments. More Info Here: https://drive.google.com/drive/folders/1DLW1zlK7zyNc5coohMDwK2e77qetJWMs?usp=drive_link

Legal: LOTS 20 & 21 OP GOV LOT 2 SEC 34-79-24
Status: Active

Property Information

717804

$3,400,000

Sale

MultiFamily

717 Franklin Avenue 11

Des Moines

Polk

IA

50314

4233

4233

13200

Des Moines N.West

51012

1901

Des Moines Independent

Utilities

No

LISTED BY

LPT Realty, LLC, Jeffrey Downing (515.257.6477) & LPT Realty, LLC, Randall Murphy (515.669.9332)

PROPERTY LOCATION

MORTGAGE CALCULATOR


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Listed by : IOWA REALTY INDIANOLA, TANNER LOYD (515.453.5294)
Aaron Jones - ABR | SRS, RE/MAX Hall of Fame & Lifetime Achievement

Aaron Jones

ABR | SRS, RE/MAX Hall of Fame & Lifetime Achievement

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