Sold for $575,000

$575,000

526 48th St, Des Moines, IA 50312

11beds

4,654sqft

Multi Family, Apartment

Built in 1927

-- sqft lot

$662,700 Zestimate^®

$124/sqft

$1,109 Estimated rent

Home value

$662,700

$603,000 - $742,000

$1,109/mo

Zestimate^® history

Owner options

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$1,109/mo

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$1,109/mo

Rent Zestimate^®

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$3,154/mo

Est. payment

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$3,154/mo

Est. payment

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What's special

Beautiful period woodworkHardwood floors

Here is an excellent investment opportunity in Des Moines' historic Waterbury Neighborhood with two offerings of apartment buildings located in the heart of the Ingersoll Corridor. 536 48th St hosts 7-units including 5-two bedroom, 1-one-bedroom and 1-studio apartment. The units include hardwood floors and beautiful period woodwork. This property presents buyer prospects with plenty of upside with continued renovation and increased monthly rents. Properties to be sold together – see listing of 4810 Ingersoll. The buildings share ample off-street parking. Proximity to Ingersoll, downtown and all that Des Moines has to offer make this prime potential for investment.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 7
Full bathrooms: 7

Heating

See Remarks

Cooling

Window Unit(s)

Appliances

Included: Refrigerator, Stove

Features

Flooring: Carpet, Hardwood, Laminate, Vinyl
Basement: Daylight,Finished

Interior area

Total structure area: 4,654
Total interior livable area: 4,654 sqft
Finished area below ground: 1,800

Property

Lot

Size: 9,975 sqft
Dimensions: 56 x 178

Details

Parcel number: 09005605000000
Zoning: R-3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Apartment

Materials

Brick
Foundation: See Remarks
Roof: Asphalt,Shingle

Condition

Year built: 1927

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Natural Gas Available, Water Available

Community & neighborhood

Security

Security features: Smoke Detector(s)

Community

Community features: Laundry Facilities, Storage Facilities

Location

Region: Des Moines

Other

Other facts

Listing terms: Cash,Conventional
Road surface type: Asphalt

Price history

Date	Event	Price
10/5/2023	Sold	$575,000$124/sqft
Source: DMMLS #679670 Report a problem
8/14/2023	Pending sale	$575,000$124/sqft
Source: DMMLS #679670 Report a problem
8/4/2023	Listed for sale	$575,000$124/sqft
Source: DMMLS #679670 Report a problem
3/1/2016	Listing removed	$800
Source: The Governor Group Report a problem
1/5/2016	Price change	$800+60%
Source: The Governor Group Report a problem
11/25/2015	Price change	$500-14.5%
Source: The Governor Group Report a problem
11/7/2015	Listed for rent	$585
Source: The Governor Group Report a problem