Des Moines, IA 50314 717 Franklin Avenue 11

$3,400,000

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Presented By: LPT Realty, LLC
  • Des Moines Area AOR (DMAAR) - 188 - IA
  • MLS# 717804
  • 05/09/2025
  • Request Tour
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  • SQFT • 4,233

Home Details

This portfolio includes 10 multifamily properties and 7 single-family homes. The multifamily portion features 44 total units spread across 10 buildings, all currently occupied on a month-to-month basis. These multifamily units generate an annual gross income of $386,940, with an annual net income of $233,689. The 7 single-family homes collectively produce a gross income of $100,200 and net $54,011 annually. The seller has not significantly increased rents in recent years and believes a new owner could realize additional profit through rent adjustments. More Info Here: https://drive.google.com/drive/folders/1DLW1zlK7zyNc5coohMDwK2e77qetJWMs?usp=drive_link
Presented By: LPT Realty, LLC

Interior Features for 717 Franklin Avenue 11

Bedrooms

Total Bedrooms

Bathrooms

3/4 Baths0
Half Baths
Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 717 Franklin Avenue 11

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityDes Moines
CountyPolk
DirectionsMultiple properties
Electric On Property Y/NNo
Elementary School DistrictDes Moines Independent
Full Baths
Garage Y/NNo
Gross Income487140.0
HOANo
High School DistrictDes Moines Independent
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLOTS 20 & 21 OP GOV LOT 2 SEC 34-79-24
Listing TermsCash, Conventional
Lot Size Square Feet13200.0
Lot Size UnitsAcres
MLS AreaDes Moines N.West
Middle/Junior School DistrictDes Moines Independent
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total51
Occupancy TypeTenant
Operating Expense198531.0
PostalCityDes Moines
Property Attached Y/NNo
Property TypeMultiFamily
Rent Control Y/NNo
Senior Community Y/NNo
Standard StatusActive
StatusActive
Tax Annual Amount51012.0
Unit Number11
Year Built1901
ZoningR1-60

Exterior for 717 Franklin Avenue 11

Building Area Total4233.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions100X132
Lot Size Acres0.303
Lot Size Area0.303
Open Parking Y/NNo
Private PoolNo
SpaNo
WaterfrontY/NNo

Additional Details

Price History

Rachel Tiskevics

Realtor®
Price $3,400,000
MLS#717804
List Date 05/09/2025
Property Type Multi-Family
Phone 641.230.0537
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