Introducing a prime investment opportunity in the the very popular Ankeny area: This 6 unit building includes two studios and four one-bedroom units, with five currently leased. This property generates a gross income of $3,400 monthly, with potential close to $5,000.
Each unit is individually metered for electricity and heating, minimizing overhead costs for the owner. Additional amenities include a coin-operated laundry facility in the basement, space for potential storage development, and six large garage stalls offering untapped potential for additional rental income. With minimal updates required and a pro forma cap rate exceeding 9%, this property presents a valuable add-on opportunity in the thriving Des Moines market.
Sold for $325,000
Zillow last checked:
Listing updated:
Bought with:
Chase Keller
RE/MAX Precision
Kirby, Joshua
RE/MAX Precision
Source: DMMLS,MLS#: 694991
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSPrice history
| Date | Event | Price |
|---|---|---|
| 6/20/2024 | Sold | $325,000-3%$113/sqft |
Source:  DMMLS #694991 Report a problem | ||
| 5/15/2024 | Pending sale | $335,000$117/sqft |
Source: DMMLS #694991 Report a problem | ||
| 5/10/2024 | Listed for sale | $335,000+22.3%$117/sqft |
Source: DMMLS #694991 Report a problem | ||
| 1/26/2022 | Sold | $274,000$96/sqft |
Source: DMMLS #643010 Report a problem | ||
| 12/13/2021 | Pending sale | $274,000+123.7%$96/sqft |
Source: DMMLS #643010 Report a problem | ||
| 12/28/2004 | Sold | $122,500-0.3%$43/sqft |
Source: Public Record Report a problem | ||
| 6/26/2003 | Sold | $122,900$43/sqft |
Source: Public Record Report a problem | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$356,500
2% more
+$7,130
With Zillow Showcase(estimated)
$363,630
