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612 Bancroft Street

Des Moines, IA 50315
  • $825,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 648190
UPDATED: 63 min ago
$825,000
  • 14
    BEDS
  • 0.75
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

School District:

Description

This CASH FLOWING 12 unit portfolio consists of 4 Tri-Plexes next to one another. What I love about this property is the NEW roof, NEW windows, and brick exterior. One unit is fully remodeled, several have fully remodeled bathrooms. This property has a high occupancy rate and is a great value add opportunity. Many of the units have certainty of rental collection via local rental assistance programs! All NEW Rental Certificates in place. Opportunity to increase rent to 2022 HUD Levels. Interested parties may tour the vacant unit, the remaining units to be seen upon accepted offer.

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© 2022 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pennie Carroll & Associates. Data last updated: 2022-05-16T22:21:47.933.
www.penniecarroll.com/homes/127047797
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612 Bancroft Street Des Moines, IA 50315

  • Price: $825,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 63 min ago
  • MLS #: 648190
14
Beds
12
Baths
0
½ Baths
0.75
Acres
Neighborhood:
Des Moines S.West
County:
Polk
Area:
Des Moines S.West
School District:
Des Moines Independent
Property Description
This CASH FLOWING 12 unit portfolio consists of 4 Tri-Plexes next to one another. What I love about this property is the NEW roof, NEW windows, and brick exterior. One unit is fully remodeled, several have fully remodeled bathrooms. This property has a high occupancy rate and is a great value add opportunity. Many of the units have certainty of rental collection via local rental assistance programs! All NEW Rental Certificates in place. Opportunity to increase rent to 2022 HUD Levels. Interested parties may tour the vacant unit, the remaining units to be seen upon accepted offer.
Exterior Features

Attached Garage YN No Foundation Details Brick/Mortar Garage YN Yes Parking Features DetachedGarageThree Car Garage Road Surface Type Concrete Roof AsphaltShingle

Interior Features

Appliances RefrigeratorStove Cooling Window Unit(S) Heating Forced AirGasNatural Gas Heating YN Yes

Property Features

Electric On Property YN Yes Home Warranty YN No Lease Considered YN No Listing Terms CashConventional Owner Pays ElectricityGasInsuranceWater Property Sub Type Multi Family Sewer Public Sewer Tax Annual Amount 15094 Utilities Electricity AvailableNatural Gas AvailableWater Available Water Source Public Zoning Multi

Listing provided courtesy of Realty One Group Impact. © 2022 Des Moines Multiple Listing Service.
© 2022 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pennie Carroll & Associates. Data last updated: 2022-05-16T22:21:47.933.
 
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Pennie Carroll & Associates
3232 Hubbell Ave
Des Moines IA, 50317