1241 33rd Street Des Moines, IA 50311
Listing Courtesy of: IOWA AOR / Bex Realty, LLC

  1241 33rd Street Des Moines, IA 50311

Pending (115 Days)
$1,200,000
18
BED
12
BATH
6,836
SQFT

Description

The Drake Residences are a 6 unit condo platted community located within the campus of Drake University. This premier turnkey student housing opportunity includes a single family house with five large townhomes, each comprised of 3 Bedrooms and 2 Bathrooms with in-unit laundry. This cash-flowing asset features professionally designed units in a superb location. All units have been fully updated with modern finishes - including quartz countertops, shaker cabinets, and stainless steel appliances. Electrical, plumbing, windows, and most HVAC units are newer. Each residence has separate gas and electric meters that are paid by the residents, along with a flat rate common utility billing program for water/sewer/trash/landscaping. Easy to self manage and transfer on its current platform. Currently priced at an actual 8 cap based on continued self management.

MLS #:
700351
Taxes
$5,424(2023)
Type
Multifamily
School District
Des Moines Independent
County
Polk County

Listed By

Jeffrey Hagel, Bex Realty, LLC
Source
IOWA AOR
Last checked Dec 9 2024 at 3:45 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 12
Property Features
  • Foundation: Slab
  • Foundation: Poured
Heating and Cooling
  • Gas
  • Forced Air
  • Electric
  • Central Air
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Living Area
  • 6,836 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by C21 Signature Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Iowa Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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 last updated 12/8/24 19:45