34215 L Avenue

Property feature image
Address: 34215 L Ave, Adel, IA 50003, USA
Chicago & Midwest + Apartment Buildings
Created date: October 20, 2026
Date last updated: October 20, 2026
Price: $500,000Investment Analyzer NEW!

Property Description

Investment or Building Opportunity! 2.9 Acres on paving, lovely scenery and less than 30 mins to downtown DSM! Almost 1.5 Acres of this parcel are still a blank canvas. There are No covenants, as it is not included in the Mill Creek HOA. Enjoy convenient main floor living with 2 Bedrooms, 1 Bathroom, a nice kitchen, southern deck, fireplace and a laundry room in the breezeway which connects to the two-car garage. Many updates were made around 2020, and the roof is estimated to be 10 years old. The basement offers plenty of storage space and has potential for another bathroom. The apartment/mother-in-law suit is attached to the back side of the garage and has its own separate entrance on the north side. It has a bedroom, office area, 3/4 bath, laundry area and separate utilities. There are no current leases on either unit and a quick possession is possible. No covenants make for many options!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $500,000
Year Built: 1960
Lot Size: 1,656.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 3
Number of Bathrooms: 2
Address: 34215 L Avenue, Adel, IA 50003, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

123 S Schiller Street

Little Rock, Arkansas
Chicago & Midwest + Apartment Buildings
Price: $315,000

124 S Woodrow Street

Little Rock, Arkansas
Chicago & Midwest + Apartment Buildings
Price: $180,000

717 Franklin Avenue

Des Moines, Iowa
Chicago & Midwest + Apartment Buildings
Units: 6
Price: $269,000

Brokers

View All

Lenders

View All