Forest Oaks Apartment complex! Rare apartment building investment opportunity in the Des Moines northwest metro area! All 15 apartments feature full kitchens, two bedrooms and 1.5 bathrooms. 7 detached garages that rent at $100 each per month. All units individually metered for water, gas, and electric. All units have their own gas forced air and central air units. Landlord pays insurance and exterior maintenance. Each unit rent between $825 and $900 per month. Mostly brick exterior for low maintenance. Coin operated laundry on site. Located just ten minutes west of downtown.
Sold for $1,000,000
$1,000,000
3432 Forest Ave, Des Moines, IA 50311
30beds
14,784sqft
Multi Family
Built in 1968
-- sqft lot
$1,327,900 Zestimate®
$68/sqft
$1,143 Estimated rent
Home value
$1,327,900
$1.14M - $1.55M
$1,143/mo
Zestimate® history
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$1,143/mo
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$1,143/mo
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$5,486/mo
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Forest oaks apartment complexFull kitchensNorthwest metro area
Zillow last checked:
Listing updated:
Listed by:
Stephanie Thomas (515)771-7788,
RE/MAX Concepts
Bought with:
Stephanie Thomas
RE/MAX Concepts
Source: DMMLS,MLS#: 676312
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
- Bathrooms: 15
- Full bathrooms: 15
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Interior area
- Total structure area: 14,784
- Total interior livable area: 14,784 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, Garage
- Garage spaces: 4
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 0.64 Acres
- Dimensions: 72.27
Details
- Parcel number: 10008145003000
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Three Story
- Property subtype: Multi Family
Materials
- Brick, Cement Siding
- Foundation: Poured, Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $68/sqft
- Annual tax amount: $20,516
- Date on market: 6/28/2023
- Cumulative days on market: 75 days
- Listing terms: Conventional
- Tenant pays: Electricity, Gas, Water
- Electric utility on property: Yes
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2023 | Sold | $1,000,000-28.6%$68/sqft |
Source:  DMMLS #676312 Report a problem | ||
| 9/11/2023 | Pending sale | $1,400,000$95/sqft |
Source: DMMLS #676312 Report a problem | ||
| 6/28/2023 | Listed for sale | $1,400,000$95/sqft |
Source: DMMLS #676312 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/6/2019 | Listing removed | $800 |
Source: Owner Report a problem | ||
| 10/5/2018 | Price change | $800-11.1% |
Source: Owner Report a problem | ||
| 9/15/2018 | Price change | $900+12.5% |
Source: Owner Report a problem | ||
| 7/29/2018 | Listed for rent | $800 |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Drake
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Nearby schools
GreatSchools rating
- 3/10Perkins Elementary SchoolGrades: K-5Distance: 0.7 mi
- 2/10Callanan Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Roosevelt High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: Des Moines Independent
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,327,900
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- Iowa
- Polk County
- Des Moines
- 50311
- Drake
- 3432 Forest Ave
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