Very Rare Ranch style 4-plex, 1 bed, 1 bath. Current Monthly Gross rent:$2725. All 4 units rented, annual leases. Cap rate of 10.7% and Potential Free Cash flow of $13,500 (including $980 set aside for reserves) after mortgage and expenses, see Proforma. There is additional opportunity to lower expenses and increase income with unit updates. Internet and electricity paid by tenants. Gas and water/trash currently paid by Landlord. Proforma using real numbers over the past year. Please reach out to listing agent for Proforma and to schedule time to see the property. Planning to do open house style showing (one day several hour timeframe), depending on requests.
Sold for $192,000
Zillow last checked:
Listing updated:
Bought with:
Brendon Shaw
Simply Better Realty, LLC
Source: DMMLS,MLS#: 673312
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSPrice history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Listing removed | $220,000$93/sqft |
Source:  DMMLS #743338 Report a problem | ||
| 7/27/2026 | Listing removed | $700 |
Source: Zillow Rentals Report a problem | ||
| 6/18/2026 | Listed for sale | $220,000+14.6%$93/sqft |
Source: DMMLS #743338 Report a problem | ||
| 2/22/2026 | Listed for rent | $700 |
Source: Zillow Rentals Report a problem | ||
| 2/22/2026 | Listing removed | $700 |
Source: Zillow Rentals Report a problem | ||
| 1/18/2026 | Listed for rent | $700 |
Source: Zillow Rentals Report a problem | ||
| 1/18/2026 | Listing removed | $700 |
Source: Zillow Rentals Report a problem | ||
| 1/2/2026 | Listed for rent | $700+12% |
Source: Zillow Rentals Report a problem | ||
| 9/8/2023 | Sold | $192,000-3.5%$81/sqft |
Source: DMMLS #673312 Report a problem | ||
| 6/12/2023 | Pending sale | $199,000$84/sqft |
Source: DMMLS #673312 Report a problem | ||
| 5/16/2023 | Listed for sale | $199,000-5.2%$84/sqft |
Source: DMMLS #673312 Report a problem | ||
| 12/30/2022 | Listing removed | -- |
Source: DMMLS #661096 Report a problem | ||
| 10/28/2022 | Listed for sale | $210,000$88/sqft |
Source: DMMLS #661096 Report a problem | ||
| 10/21/2022 | Pending sale | $210,000$88/sqft |
Source: DMMLS #661096 Report a problem | ||
| 9/29/2022 | Listed for sale | $210,000+13.5%$88/sqft |
Source: DMMLS #661096 Report a problem | ||
| 1/4/2022 | Sold | $185,000$78/sqft |
Source: DMMLS #640252 Report a problem | ||
| 11/18/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/31/2021 | Pending sale | $185,000$78/sqft |
Source: DMMLS #640252 Report a problem | ||
| 10/22/2021 | Listed for sale | $185,000+40.2%$78/sqft |
Source: DMMLS #640252 Report a problem | ||
| 9/17/2021 | Listed for rent | $625 |
Source: Zillow Rental Manager Report a problem | ||
| 9/10/2021 | Sold | $132,000$56/sqft |
Source: DMMLS #633177 Report a problem | ||
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
