Contact Us

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

PROPERTY FEATURES

Zoning : R1-60

PROPERTY DETAILS

Street Address: 717 Franklin Avenue Unit# 11
City: Des Moines
State: Iowa
Postal Code: 50314
County: Polk
MLS Number: 717804
Year Built: 1901
Courtesy of LPT Realty, LLC

Similar Properties

listing main pic Active
$10,350,000
54 bds 4 ba 78,554 Sqft
915 Mulberry Street, Des Moines, IA, 50309
disclaimer image Courtesy of EXIT Realty Capital City
listing main pic Active
$10,000,000
1800 SW 2ND Street, Des Moines, IA, 50309
disclaimer image Courtesy of Developers Realty Group LLC
listing main pic Active
$4,100,000
4,233 Sqft
717 Franklin Avenue Unit# 11, Des Moines, IA, 50314
disclaimer image Courtesy of LPT Realty, LLC