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1527 Forest Ave

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Address: 1527 Forest Ave, Des Moines, IA 50314, USA

Chicago & Midwest + 2-4 Units

Created date: October 8, 2024

Date last updated: October 9, 2024

- Duplex with 1350sf 2 Bed Units
- Built in 1924, exuding historic charm
- Prime location in Des Moines area
- Blocks to Downtown, Drake University and Interstate 235
- 100% occupancy, ensuring immediate returns
- Solid investment opportunity for Multifamily Investors

Property Description

Presenting a remarkable investment opportunity at 1527 Forest Ave, Des Moines, IA. This impressive multifamily property boasts a 2,673 SF building with 2 units, offering a historic charm with its 1924 construction. With 100% occupancy, this property provides immediate returns on investment while promising future growth. Situated in a prime location, the property is ideally positioned to attract a large tenant base. Its close proximity to downtown Des Moines and Drake University, along with easy access to Interstate 235, ensures a steady flow of potential renters. Both units are currently occupied and in excellent condition, requiring no immediate renovations. Each unit offers spacious and well-designed 2-bed, 1-bath layouts, ensuring tenant satisfaction and retention. This solid cashflow duplex presents an opportunity for a lucrative investment in the thriving Des Moines rental market. With its strong rental history, prime location, and solid condition, this property is an exceptional choice for the discerning Multifamily investor.

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Broker Details

Chase Keller, CCIM

CHASE. Collective 319-231-1160 MLS ID: 344000905

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	2-4 Units
Price:	$250,000
No. of Units:	2
Average Occupancy:	7.56
Year Built:	1924
Lot Size:	0.10 Sq ft
Opportunity Zone:	No
Price per unit:	$125,000
Property Website	Click Here