1419 E 40th Street

Property Description

Great 3 Bed Duplex Opportunity in Des Moines' East side. One unit is recently vacated. Occupied unit is on month to month at $700, rent comps are $1300. It needs a little work to get there, but it won't take much. All utilities separated and tenants take care of Lawn & Snow. Both units have all 3 bedrooms and bathroom on Upper Level, with the Living Room and Kitchen on the Main Level. Built 1983. CapRate 8.5%12.3% Cash on Cash Return after renovation. Buy before Interest Rates drop and buyer demand floods back into the market. Potential Seller paid Rate Buy-down available. All information obtained from seller and public records.