$1,200,000
 $6,442 est/mo Sourced by Back At You

1241 33rd Street , Des Moines, IA 50311

Des Moines, IA 50311

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Description

The Drake Residences are a 6 unit condo platted community located within the campus of Drake University. This premier turnkey student housing opportunity includes a single family house with five large townhomes, each comprised of 3 Bedrooms and 2 Bathrooms with in-unit laundry. This cash-flowing asset features professionally designed units in a superb location. All units have been fully updated with modern finishes - including quartz countertops, shaker cabinets, and stainless steel appliances. Electrical, plumbing, windows, and most HVAC units are newer. Each residence has separate gas and electric meters that are paid by the residents, along with a flat rate common utility billing program for water/sewer/trash/landscaping. Easy to self manage and transfer on its current platform. Currently priced at an actual 8 cap based on continued self management.

Details

MLS#700351
Listing TypeFor Sale
StyleTown House / Duplex
Sub-TypeResale
StatusPending
Days On Site97
Listing Provided ByBEX Realty, LLC | Jeffrey Hagel

Features

Bed(s)18
Bath(s) 12 Total
SQ Feet6,836
ZoningNX2

Market Activity 50311

The information is being provided by Des Moines Area Association of REALTORS®. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Des Moines Area Association of REALTORS®. All Rights Reserved.

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Listings Checked: 1 minute ago
StateIA
CountyPolk
CityDes Moines
Zip Code50311
AreaDes Moines N.West
Listing VS Median (in 50311)
Price:
$1,200,000
low | high
Med:
$270,450
100% of Average
SqFt:
6,836
low | high
Med:
2,613
100% of Average
$ / SqFt:
$176
low | high
Med:
$108
88.577061596064% of Average
On Site:
97
low | high
Med:
36.500000
100% of Average
Sourced by Back At You
Listing Updated: October 31, 2024 at 9:01:24 AM PDT