1050 21st Street Active Save Request In-Person Tour Request Virtual Tour
Des Moines,IA 50311
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,965 sqft
Price per Sqft $207
MLS Listing ID 701347
Style Two Story
Bedrooms 8
Full Baths 3
Year Built 1895
Annual Tax Amount $3,600
Lot Size 0.333 Acres
Property Description
Property for Sale: Turn-Key Airbnb with High Earnings Near Downtown Des Moines. This multifamily property, just minutes from Downtown, generates over $110,000 annually, providing a hassle-free investment. Recently remodeled, it includes three updated units: a spacious 4-bedroom penthouse, a comfortable 3-bedroom, and a charming 2-bedroom. Upgrades feature new flooring, kitchens, bathrooms, granite countertops, and stainless steel appliances, along with a new roof, updated electrical systems, mini-split systems, fresh paint, and new siding. Ideally located, the property offers easy access to Sherman Hill and brewery districts, and it's a 5-minute drive to Court Avenue and Wells Fargo Arena. The airport is just 7 minutes away, and ample parking enhances convenience for guests. The property is sold fully furnished, including over $35,000 in furniture and assets. A rental certification is in place! Just renewed and good until April 2027. Additionally, there's an office/shop space in the rear with a new tenant LOI for $700/month, or it can be used by the owner. This is a rare chance to acquire a fully remodeled, high-performing Airbnb that offers immediate returns and long-term value. Three years of financials and remodel budgets are available. The seller can offer rate buy-down credits, closing cost assistance, and short-term rental management during the transition if needed. Don?t miss this opportunity!
Location
State IA
County Polk
Area Des Moines West
Zoning R-3
Interior
Heating Forced Air,Gas
Cooling Window Unit(s)
Flooring Carpet,Tile,Vinyl
Exterior
Garage Detached,Garage,Two Car Garage
Garage Spaces 2.0
Garage Description 2.0
Building
Lot Description Rectangular Lot
Foundation Block
Sewer Public Sewer
Water Public
Schools
School District Des Moines Independent
Others
Monthly Total Fees $300
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional