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4131 55th Street

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Address: 4131 55th St, Des Moines, IA 50310, USA

Chicago & Midwest + 2-4 Units

Created date: October 8, 2024

Date last updated: October 9, 2024

Unique Duplex Opportunity
$255,000
NOI: $20,828
Caprate: 8.17%
CoC Return: 8.9%
Tenants pay all utilities and take care of lawn care and snow removal
Fully occupied and managed!

Property Description

This Unique Duplex sits in a quiet and desirable residential neighborhood in NW Des Moines. Just blocks away from Merle Hay Mall, this property is close to shopping, restaurants, entertainment. And being right in the center of the metro, it's a breeze for tenants getting around town. Unit A is a 2 Bed, 1 Bath, currently rented at $1,000 with potential of $1,100. Lease expires end of Spring of '25. Unit B is a very large 4 Bed, 2 Bath unit with a 2 car attached garage. Newly leased at $1700. Tenants pay for all utilities and take care of the lawn care and snow removal, making this a very easy and profitable property. Property Management is in place for an easy transition, bring in your own management or manage yourself. Seller just spent close to $15,000 into the roof.

Available

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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:	$255,000
No. of Units:	2
Average Occupancy:	8.17
Year Built:	1947
Lot Size:	0.19 Sq ft
Opportunity Zone:	No
Price per unit:	$127,500
Property Website	Click Here