Search Results
3612 Ingersoll Ave
- - 10,653 SF historic building with 8 units
- - Built in 1912, blending character with modern potential
- - Zoned MX2 for flexible development opportunities
- - Prime location in the Des Moines area
- - 50% occupancy, offering immediate upside potential
- - Brand new $50k boiler recently installed
- - Six large 2-bedroom units and two 1-bedroom units
- - Many updates to units, enhancing appeal and marketability
- - Potential to easily convert 2-bedroom units to 3-bedroom units
Property Description
Welcome to 3612 Ingersoll Ave, Des Moines, IA, an exceptional investment opportunity in the heart of the highly sought after Ingersoll & Grand Corridor, one of the most coveted locations in the Des Moines metro. This historic property features a 10,653 SF building with 8 units, including six large 2-bedroom units and two 1-bedroom units, offering an ideal mix of living spaces. Many updates have been made to the units, enhancing their appeal and marketability. The potential for the 2-bedroom units to be easily converted to 3-bedroom units adds further flexibility and value to this remarkable investment. Built in 1912 and zoned MX2, this property offers a unique blend of historical charm and modern development opportunities. With 50% occupancy and a brand new $50k boiler, there's significant room for immediate upside. Don't miss out on the chance to add this distinctive, well-located property to your portfolio and capitalize on the burgeoning multifamily and low-rise/garden investment market in the Des Moines area.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,000,000 |
| No. of Units: | 8 |
| Average Occupancy: | 7.81 |
| Year Built: | 1912 |
| Lot Size: | 0.50 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $125,000 |
| Property Website | Click Here |
Similar Properties in the Area
42 Unit Portfolio
Chicago, Illinois
Brokers
View All-
Chase Lord
SVN OAK Realty Advisors | Oklahoma
Lenders
View All-
Brad Hayden
Colorado
-
Felix Gutnikov
California
-
Gary Bechtel
North Carolina
-
Arbor Realty Trust
Management
View All-
Essex Property Trust, Inc.
California
-
Asset Living
Texas
-
AOG Living
Texas
-
Apartment Management Consultants, LLC
Utah
