Des Moines, IA 50311 1171 21st Street

Pending
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Presented By: Keller Williams Realty GDM
  • Des Moines Area AOR (DMAAR) - 188 - IA
  • MLS# 701676
  • 08/28/2024
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 2
  • SQFT • 3,134

Home Details

Great investment opportunity! Turn-key, fully occupied, cash flowing duplex priced at a 9.76% Cap. Both current tenants have yet to be late on rent. Tenants are responsible for all utilities. Rental license good until May 2027.Unit 1: 2Br, 1Ba + bonus room. Large front porch, keyless entry both front and back doors, opportunity to convert bonus room to a bedroom, opportunity to convert room behind bathroom into laundry room utilizing existing plumbing.Unit 2: 4Br, 1Ba.Yard: concrete slab for parking and opportunity to build a 4-stall garage off of the alley, with plenty of remaining yard space.Opportunity to continue renting for a few years then convert to 7Br 2Ba SFR.Several structural and cosmetic improvements have taken place throughout both units over recent years. Split Furnaces for each unit, both in good condition, each believed to be less than 10 years old. Both water heaters are brand new. Property was appraised by Rally Appraisal 4/24 at $265k, prior to partial roof replacement, full gutter replacement, and unit 1 remodel.Minimum 24 hours notice required for showings. Please contact seller for further information. Seller agent has ownership interest in the property.
Presented By: Keller Williams Realty GDM

Interior Features for 1171 21st Street

Bedrooms

Main Level Bedrooms2
Total Bedrooms6

Bathrooms

3/4 Baths0
Half Baths
Total Baths2

Other Interior Features

Air Conditioning Y/NNo
BasementUnfinished
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringHardwood
Heating Y/NYes
Laundry FeaturesUpperLevel

General for 1171 21st Street

Additional Parcels Y/NNo
AppliancesDryer, Refrigerator, SeeRemarks, Stove, Washer
Architectural StyleDuplex
Attached Garage No
Carport Y/NNo
CityDes Moines
CountyPolk
DirectionsAt the corner of University Ave and 21st St go South. Property is located on the East side of the street.
Electric On Property Y/NNo
Elementary School DistrictDes Moines Independent
Exterior FeaturesDeck
Full Baths2
Garage Y/NNo
HOANo
HeatingGas, NaturalGas
High School DistrictDes Moines Independent
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLOT 8 T M WALKERS ELM GROVE ADD
Listing TermsCash, Conventional, FHA
Lot Size Square Feet6500.0
Lot Size UnitsAcres
MLS AreaDes Moines West
Middle/Junior School DistrictDes Moines Independent
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeTenant
Patio/Porch FeaturesCovered, Deck
PostalCityDes Moines
Property Attached Y/NNo
Property Sub Type AdditionalDuplex, Residential
Property SubtypeDuplex
Property TypeResidential
Rent Control Y/NNo
RoofAsphalt, Shingle
Security FeaturesFireAlarm
Senior Community Y/NNo
SewerPublicSewer
Standard StatusPending
StatusPending
Tax Annual Amount2415.0
Tax Year2025
Waterfront Y/NNo
Year Built1909
ZoningR

Exterior for 1171 21st Street

Building Area Total3134.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50X130
Lot FeaturesRectangularLot
Lot Size Acres0.149
Lot Size Area0.149
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Rachel Tiskevics

Realtor®
Price $260,000
MLS#701676
List Date 08/28/2024
Property Type Pending
Phone 641.230.0537
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