Jim Horstman
Your Full Time, Full Service Real Estate Advisor
REALTOR®, ABR, CRS, SRS, SRES, CNE, MCNE
(515) 720-7859
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: EgressWindows, Finished, WalkOutAccess
Basement: Yes
Cooling: CentralAir
Heating: ForcedAir, Gas, NaturalGas
Home Style: TwoStory
Lot Size: 0.28 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $9,816
Year Built: 1984
Feature Descriptions
Appliances: Dishwasher, Microwave, Refrigerator, Stove
Flooring: Carpet
Lot: RectangularLot
Parcel#: 12000138103003 & 120/00138-102-000
Security: SmokeDetectors
Sewer: PublicSewer
Units: 4
Utilities: ElectricityAvailable, NaturalGasAvailable, WaterAvailable
Water: Public
Local Schools
School District: Des Moines Independent
Listed By / Shown By
Listed By
Agency Name: RE/MAX Precision
Agency Phone: (515) 223-9492
Shown By
Agent Name: Jim Horstman
Agent Phone: (515) 720-7859
Agency Title: Hunziker & Associates, REALTORS
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Estimated Payment
$ 818.00 per month $0.00 Principal & Interest $818.00 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
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801 & 807 E Mckinley Avenue | MLS# 742720
This multi-family property located at 801 & 807 E Mckinley Avenue, Des Moines, IA 50315 is currently listed for sale with an asking price of call for price. & 807 E Mckinley Avenue is located within the Des Moines Independent school district. Search Des Moines real estate on www.jimsellscentraliowa.com today.