IA > Des Moines
Des Moines, IA 50311,1171 21st Street
Des Moines, IA 50311,1171 21st Street
Des Moines, IA 50311,1171 21st Street
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$260,000
Est. payment /mo
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6 BD
2 BA
3,134 SqFt
Pending

1171 21st Street Des Moines, IA 50311

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Ethan Hokel

Ethan Hokel

+1(515) 981-2113

UPDATED:

12/18/2024 08:20 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,134 sqft

Price per Sqft $82

MLS Listing ID 701676

Style Duplex

Bedrooms 6

Full Baths 2

HOA Y/N No

Year Built 1909

Annual Tax Amount $2,415

Tax Year 2025

Lot Size 6,490 Sqft

Acres 0.149

Property Description

Great investment opportunity! Turn-key, fully occupied, cash flowing duplex priced at a 9.76% Cap. Both current tenants have yet to be late on rent. Tenants are responsible for all utilities. Rental license good until May 2027.Unit 1: 2Br, 1Ba + bonus room. Large front porch, keyless entry both front and back doors, opportunity to convert bonus room to a bedroom, opportunity to convert room behind bathroom into laundry room utilizing existing plumbing.Unit 2: 4Br, 1Ba.Yard: concrete slab for parking and opportunity to build a 4-stall garage off of the alley, with plenty of remaining yard space.Opportunity to continue renting for a few years then convert to 7Br 2Ba SFR.Several structural and cosmetic improvements have taken place throughout both units over recent years. Split Furnaces for each unit, both in good condition, each believed to be less than 10 years old. Both water heaters are brand new. Property was appraised by Rally Appraisal 4/24 at $265k, prior to partial roof replacement, full gutter replacement, and unit 1 remodel.Minimum 24 hours notice required for showings. Please contact seller for further information. Seller agent has ownership interest in the property.

Location

State IA

County Polk

Area Des Moines West

Zoning R

Rooms

Basement Unfinished

Main Level Bedrooms 2

Interior

Heating Gas, Natural Gas

Flooring Hardwood

Fireplace No

Appliance Dryer, Refrigerator, See Remarks, Stove, Washer

Laundry Upper Level

Exterior

Exterior Feature Deck

Roof Type Asphalt,Shingle

Porch Covered, Deck

Private Pool No

Building

Lot Description Rectangular Lot

Sewer Public Sewer

Water Public

Schools

School District Des Moines Independent

Others

Senior Community No

Tax ID 03005119000000

Monthly Total Fees $201

Security Features Fire Alarm

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

©2025 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by Keller Williams Realty GDM

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Ethan Hokel

Agent | SS63807000

+1(515) 981-2113

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