2931 Kingman Boulevard, Des Moines, IA 50311
- $365,000
- 6
- BD
- 5
- BA
- 3,367
- SqFt
- List Price
- $365,000
- Status
- ACTIVE
- Days on Market
- 128
- Price Change
- ▼ $20,000 1785641526
- MLS#
- 740269
- Subtype
- Multi Family
- Style
- Three Story
- Architectural Style
- Three Story
- Year Built
- 1909
- Bedrooms
- 6
- Bathrooms
- 5
- Full Baths
- 5
- Living Area
- 3,367
- Lot Size
- 11,250
- MLS Area Major
- Des Moines West
Property Description
Rare investment opportunity grossing $4,140 per month in the highly desirable Kingman neighborhood of Des Moines. A 5 unit property with assigned off street parking for each unit. Additionally there is a detached car garage for further potential rental income. The units have been well updated, including 200 amp service metered to each unit, fresh paint, carpet, and the majority of the hardwood flooring being refinished. Current rental rates are: Unit 1 (occupied 8/01) $1200. Unit 2 (occupied) $815 Unit 3 (Occupied) $695. Unit 4 (occupied) $835. Unit 5 (occupied) $595. This is a perfect combination of a well maintained and highly marketable rental property that still has room for future revenue enhancing improvements.
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Additional Information
- Taxes
- $5,120
- Property Description
- Three Story
- Zoning
- R1-60
- Appliances
- Refrigerator
- Heating
- Forced Air, Gas, Natural Gas
- Stories
- 3
- Roof
- Asphalt, Shingle
- Foundation
- Block
- Parking Features
- Detached, Garage, Two Car Garage
- Garage Spaces
- 2
- School District
- Des Moines Independent
Mortgage Calculator
Listing courtesy of Meghan O'Brien with Realty ONE Group Impact
Data courtesy of the Des Moines Area Association of REALTORS