2936 E Walnut Street Des Moines, IA 50317
2,224 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,224 sqft
Price per Sqft $101
MLS Listing ID 729659
Style Two Story
HOA Y/N No
Year Built 1924
Annual Tax Amount $5,662
Tax Year 2024
Lot Size 0.275 Acres
Acres 0.275
Property Description
The property currently brings in $3,750/month in rent (units at $650, $650, $650, $850, and $950). The two upstairs units are long-term tenants, while the others offer room for rent increases or improvements over time. The landlord currently pays all utilities, providing a value-add opportunity for a new owner to transition to tenant-paid utilities and boost cash flow. There's also tons of off-street parking, including extra income during the State Fair when parking demand goes up.
If you've been looking for an affordable multifamily property with strong numbers and even stronger potential, this is it.
Location
State IA
County Polk
Area Des Moines East
Zoning N3C
Rooms
Basement Partially Finished
Interior
Heating Forced Air, Gas, Natural Gas
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Carport
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Asphalt,Shingle
Private Pool No
Building
Entry Level Two
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Des Moines Independent
Others
Tax ID 05000800001000
Monthly Total Fees $471
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA