2501 24th Street
Des Moines, IA 50310
MLS #548143

Multi-Family
  • 21units
  • 1.551acres
$2,000,000
Est. P&I payment: $7638.64/mo
2501 24th Street, Des Moines, IA 50310
  • 2501 24th Street, Des Moines, IA 50310 Photo 1
  • 2501 24th Street, Des Moines, IA 50310 Photo 2
  • 2501 24th Street, Des Moines, IA 50310 Photo 3
  • 2501 24th Street, Des Moines, IA 50310 Photo 4
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  • 2501 24th Street, Des Moines, IA 50310 Photo 8
  • 2501 24th Street, Des Moines, IA 50310 Photo 9
  • 2501 24th Street, Des Moines, IA 50310 Photo 10
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Description for 2501 24th Street, Des Moines, IA 50310
Ranch style 21 Unit Apartment Complex with high blend of 3 bedrooms units. Newly rebuilt in 2015/16 and put into use June of 2016. 100% new MEP. Tax abatement in place! Rental Certificate current. Looking for cash-flow? This is the one. Unit Breakdown: 2x 4bed/2bath | 11x 3 bed/2bath | 1x 2bed/2bath | 6x 2bed/1bath | 1x 1bed/1bat Lots of redevelopment within a stone's throw of this property including Freedom Blend Coffee, MLK Senior Apartments, and Broadlawn expansion. [[Listing broker has a financial interest in selling LLC]]
MLS #548143
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My Notes for MLS #548143

General Features

  • Property Type: Multi-Family
  • Style: Apartment Style
  • Acres: 1.551
  • Year Built: 1965

Exterior Features

  • Exterior: See Remarks
  • Acres: 1.551
  • Lot SF: 67,540
  • Lot Size: 220X307
  • Driveway: Asphalt
  • Foundation: Concrete Block,​See Remarks
  • Paved YN: 1
  • Roof: Asphalt Shingle
  • Sidewalk: Y

Interior Features

  • Interior Features: 1st Flr Laundry,​Cable TV,​Carpeting,​Fire Alarm,​Security System,​Smoke Detector,​Tile,​Vinyl
  • Square Feet Total: 23,325
  • Square Feet Bsmt: 5,832
  • Living Area Sq Ft: 23,325
  • Basement Desc: Crawl Space,​Partial
  • Baths Total: 35
  • Baths Full: 35
  • Kitchens Total: 21

Utilities Features

  • Air Conditioning: Central
  • Fridges Total: 21
  • Heat Source: Electric
  • Heat: Gas Forced Air
  • Landlord Tenant Utilities: Building Insurance Owner,​Electric Tenant,​Taxes Owner,​Water Owner
  • Laundry YN: 1
  • Separate Meters: Y
  • Services: Internet,​Lawn Care,​See Remarks,​Trash Service
  • Sewer: City
  • Stoves Total: 21
  • Water: City

Financial Features

  • Expense Total: 71,980
  • Gross Operating Income: 230,700
  • Gross Taxes: 3,820
  • Net Taxes: 3,820
  • Tax Year: 2018

Community Features

  • Amenities: Pet Restrictions
  • School District: Des Moines Independent

Misc Features

  • Parcel Number: 8,004,548,001,000
  • Included Items: Dryer,​Refrigerator,​Stove,​Washer
  • Total 1 Bedroom Units: 1
  • Total 2 Bedroom Units: 7
  • Total 3 Bedroom Units: 11
  • Total Units: 21
  • Termite: Follow Showing Instructions
  • Zoning: R-3

Location

 
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Directions to 2501 24th Street, Des Moines, IA 50310
From 235, North on MLK, West on Hickman, North on 24th. Building on East side of road.
The listing information for 2501 24th Street, Des Moines, IA 50310 was graciously provided by our friends at the listing brokerage, Coluzzi Real Estate

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P&I Payment $7638.64
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Lora & Co.'s websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Lora & Co., Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 12/12/2017 at 1:21pm
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