718 15th Street
Des Moines, IA 50314
MLS #550346

  • 12units
  • 0.12acres
Est. P&I payment: $3433.57/mo
718 15th Street, Des Moines, IA 50314
Description for 718 15th Street, Des Moines, IA 50314
INVESTORS THIS IS A GREAT OPPORTUNITY! Location, Location Location!!! This newly updated 12 plex sits on the far east edge of the Historic Sherman Hill neighborhood. Over the last 4 months this apartment building has be updated to fit the style and needs of so many new tenants flooding the downtown market. There are 12 total units and 2 floor plans. Six of the units are 1 bed, 1 bath & six are 1 bed, 1 bath with a large office room. With all new trim, paint, lighting, cabinets, granite countertops, and full sized stainless steel appliances this building will set itself above the rest in the neighborhood. A new roof was installed last fall, while inside there are brand new 15 yr floors, baseboard heat. This property is being sold "AS-IS". There are a few projects that still need to be completed on the tail end of this renovation which allows for a great value add situation.
MLS #550346
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My Notes for MLS #550346

General Features

  • Property Type: Multi-Family
  • Style: Three Story
  • Acres: 0.12
  • Year Built: 1908

Exterior Features

  • Exterior: Brick
  • Acres: 0.12
  • Lot SF: 5,208
  • Lot Shape: Regular
  • Lot Size: 5,208
  • Driveway: None
  • Foundation: Brick
  • Paved YN: 1
  • Roof: Rubber
  • Sidewalk: Y

Interior Features

  • Interior Features: Cable TV,​Smoke Detector
  • Square Feet Total: 6,840
  • Square Feet Bsmt: 1,940
  • Living Area Sq Ft: 6,840
  • Basement Desc: Finished,​Partial,​Partial Finished,​Unfinished,​Walkout
  • Baths Total: 12
  • Baths Full: 12
  • Kitchens Total: 12
  • Storage: 1

Utilities Features

  • Air Conditioning: Window Unit
  • Dishwashers Total: 12
  • Disposals Total: 12
  • Fridges Total: 12
  • Heat Source: See Remarks
  • Heat: Hot Water
  • Landlord Tenant Utilities: Building Insurance Owner,​Electric Tenant,​Gas Landlord,​Gas Tenant,​Insurance Landlord,​Insurance Tenant,​Taxes Owner,​Water Landlord,​Water Tenant
  • Laundry YN: 1
  • Separate Meters: Y
  • Services: Lawn Care,​Snow Removal,​Trash Service
  • Sewer: City
  • Stoves Total: 12
  • Water: City

Financial Features

  • Gross Operating Income: 137,520
  • Gross Taxes: 9,569
  • Net Taxes: 9,569

Community Features

  • Amenities: Extra Storage,​See Remarks,​Snow Removal
  • School District: Des Moines Independent

Misc Features

  • Parcel Number: 03003543-000-000
  • Included Items: Dishwasher,​Dryer,​Microwave,​Refrigerator,​Stove,​Washer
  • Total 1 Bedroom Units: 12
  • Total Units: 12
  • Termite: Call Listing Agent
  • Zoning: R-HD


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Directions to 718 15th Street, Des Moines, IA 50314
Exit MLK PKWY from I-235 and head south until you reach Woodland Ave. Turn East (left) onto Woodland Ave. Travel down until you hit 15th St. Turn North (left) and it will be 2 blocks up and on the left corner of 15th and Park St.
The listing information for 718 15th Street, Des Moines, IA 50314 was graciously provided by our friends at the listing brokerage, Stanbrough Realty

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P&I Payment $3433.57
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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 02/22/2018 at 4:05am
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