$4,100,000

717 Franklin Avenue 11 , Des Moines, IA 50314

 
Bedrooms:0 beds
Bathrooms:0 baths
(None specified):4,233 sqft
Lot:0.3
Year Built:1901
Listing Status:Active

Listing Agent

Jeffrey Downing
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

This portfolio includes 10 multifamily properties and 7 single-family homes. The multifamily portion features 44 total units spread across 10 buildings, all currently occupied on a month-to-month basis. These multifamily units generate an annual gross income of $386,940, with an annual net income of $233,689. The 7 single-family homes collectively produce a gross income of $100,200 and net $54,011 annually. The seller has not significantly increased rents in recent years and believes a new owner could realize additional profit through rent adjustments. More Info Here: https://drive.google.com/drive/folders/1DLW1zlK7zyNc5coohMDwK2e77qetJWMs?usp=drive_link

Detailed Items

Other Information

717 Franklin Avenue, Des Moines, IA, 50314 is a (none specified) listing of 4,233 sqft on a lot of 0.3. This (none specified) listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property717 Franklin Avenue, Des Moines, IA
Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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