Vacant 3-unit value-add multifamily opportunity just about one mile from downtown Des Moines. 612 Bancroft Street offers a rare chance for an investor or house hacker to step into a project where much of the hard upfront work has already been done. All three units are vacant, prior evictions have already been completed, and trash haulout has already been addressed, allowing the next owner to focus directly on renovation and repositioning. The property is located in an established residential neighborhood with convenient access to downtown amenities, while still offering a quieter setting. Two of the units are served by electric baseboard heat, while one unit is served by forced air (no shared air). With multifamily zoning already in place and clear rental upside after improvements, this is a compelling opportunity for a buyer looking to renovate and hold for cash flow, renovate and resell, or live in one unit while leasing the others.
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