Des Moines, IA 50312 3612 Ingersoll Avenue
$1,000,000
Pending
9 more
Presented By: EXP Realty, LLC
- MLS# 700116
- 07/31/2024
Beds • 14
Baths • 8
SQFT • 9,818
Home Details
Welcome to the Wright Apartments. An exceptional investment opportunity in the heart of the
highly sought after Ingersoll & Grand Corridor, one of the most coveted locations in the Des Moines metro.
This historic property features a 10,653 SF building with 8 units, including six large 2-bedroom units and
two 1-bedroom units, offering an ideal mix of living spaces. Many updates have been made to the units,
enhancing their appeal and marketability. The potential for the 2-bedroom units to be easily converted to
3-bedroom units adds further flexibility and value to this remarkable investment.
Built in 1912 and zoned MX2, this property offers a unique blend of historical charm and modern
development opportunities. With 50% occupancy and a brand new $50k boiler, there's significant room for
immediate upside. Don't miss out on the chance to add this distinctive, well-located property to your portfolio and capitalize on the burgeoning multifamily and low-rise/garden investment market in the Des Moines area.
Presented By: EXP Realty, LLC
Interior Features for 3612 Ingersoll Avenue
Bedrooms
Total Bedrooms14
Bathrooms
3/4 Baths0
Half Baths
Total Baths8
Other Interior Features
Air Conditioning Y/NYes
BasementFinished, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area1949.0
Electric On Property Y/NYes
Fireplace Y/NNo
Furnished Y/NUnfurnished
Heating Y/NYes
General for 3612 Ingersoll Avenue
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityDes Moines
Construction MaterialsBrick
CoolingWindowUnits
CountyPolk
Days on Market29
DirectionsFrom I 235 take 35th St. south to Ingersoll Ave then west to building on the north side.
Elementary School DistrictDes Moines Independent
Full Baths8
Garage Y/NNo
Gross Income113400.0
HeatingHotWater, NaturalGas
High School DistrictDes Moines Independent
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionN 240F LT 27 OP SE 1/4 SW 1/4 SEC 6-78-24
Lot Size Square Feet21840.0
Lot Size UnitsAcres
MLS AreaDes Moines West
Middle/Junior School DistrictDes Moines Independent
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal8
Occupancy TypeTenant
Operating Expense33832.0
OwnerPaysElectricity, Gas, Water
PostalCityDes Moines
Private PoolNo
Property Attached Y/NNo
Property SubTypeApartment
Property TypeMultiFamily
Rent Control Y/NNo
RoofAsphalt, Shingle
Senior Community Y/NNo
SewerPublicSewer
Standard StatusPending
StatusPending
Structure TypeApartment, MultiFamily
Tax Annual Amount10934.59
Tenant PaysElectricity
TermsCash, Conventional
UtilitiesElectricityAvailable, NaturalGasAvailable, WaterAvailable
View Y/NNo
Waterfront Y/NNo
Year Built1912
ZoningMX2
Exterior for 3612 Ingersoll Avenue
Building Area Total9818.0
Crops Included Y/NNo
Foundation DetailsBlock
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions91X240
Lot FeaturesRectangularLot
Lot Size Acres0.501
Lot Size Area0.501
Open Parking Y/NNo
Road Surface TypeConcrete
SpaNo
Water SourcePublic
Additional Details
Price History
Rachel Tiskevics
Realtor®