801 & 807 E Mckinley Avenue, Des Moines, IA 50315
- $550,000
- 8
- BD
- 4
- BA
- 3,499
- SqFt
- List Price
- $550,000
- Status
- ACTIVE
- Days on Market
- 92
- MLS#
- 742720
- Subtype
- Multi Family
- Style
- Two Story
- Architectural Style
- Two Story
- Year Built
- 1984
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 3,499
- Lot Size
- 22,392
- Acres
- 0.28
- MLS Area Major
- Des Moines S.East
Property Description
If you're looking for a duplex portfolio, this is your chance! 801 & 807 E. McKinley Ave. are located side by side, making management and maintenance much more efficient for an investor. Per the seller, all four units offer 3 bedrooms with additional finished basement sq footage and are located just off E. McKinley Ave in a desirable South Des Moines neighborhood. The combined gross monthly income for both duplexes is $4,830. Tenants are responsible for all utilities, including water, sewer, storm water, gas, electric, lawn care, and snow removal, helping keep operating expenses low. The owner is responsible for snow removal of the parking areas due to the shared driveways. 803 has new furnace & AC (2022). Conveniently located near shopping, dining, and everyday amenities, these properties offer strong rental appeal. Additional features include spacious backyards, walkout basements, and functional floor plans. This investment presents excellent upside potential for investors looking to enhance value and maximize returns. Also available from the same owner are 707, 715, and 815 E. McKinley Ave., creating the opportunity to acquire a larger multifamily portfolio. All information obtained from seller and public records.
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Additional Information
- Taxes
- $9,816
- Property Description
- Two Story
- Zoning
- N3A
- Flooring
- Carpet
- Appliances
- Dishwasher, Microwave, Refrigerator, Stove
- Heating
- Forced Air, Gas, Natural Gas
- Air Conditioning
- Central Air
- Stories
- 2
- Roof
- Asphalt, Shingle
- Foundation
- Block
- School District
- Des Moines Independent
Mortgage Calculator
Listing courtesy of Dustin Kupka with RE/MAX Precision
Data courtesy of the Des Moines Area Association of REALTORS