IA > Des Moines
Des Moines, IA 50311,1050 21st Street
Des Moines, IA 50311,1050 21st Street
Des Moines, IA 50311,1050 21st Street
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$615,000
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8 BD
3 BA
2,965 SqFt
Active

1050 21st Street Des Moines, IA 50311

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Ethan Hokel

Ethan Hokel

+1(515) 981-2113

UPDATED:

10/30/2024 07:34 PM

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

HOA Y/N No

Year Built 1895

Annual Tax Amount $3,600

Lot Size 0.333 Acres

Acres 0.333

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

Rooms

Basement Unfinished

Interior

Heating Forced Air, Gas

Cooling Window Unit(s)

Flooring Carpet, Tile, Vinyl

Fireplace No

Exterior

Garage Detached, Garage, Two Car Garage

Garage Spaces 2.0

Garage Description 2.0

Parking Type Detached, Garage, Two Car Garage

Private Pool No

Building

Lot Description Rectangular Lot

Entry Level Two

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Des Moines Independent

Others

Tax ID 03000859000000

Monthly Total Fees $300

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

©2024 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by Pennie Carroll & Associates

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Ethan Hokel

Agent | SS63807000

+1(515) 981-2113

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