Wonderful 4plex in a convenient location with an outstanding mix of 2 2-bed/1 bath units and 2 1-bed/1 bath units. This building is well-maintained with consistent updates. Market rents push $1,700 for the 2-bed and $1,525 for the 1-bed units ($6,500 a month)! Coin-op laundry for added income. Rents are below market due to long-term tenants giving this value add potential by raising rents, instituting RUBS, and continuing to improve the units. Close to the upcoming Des Moines light rail expansion stop. Development is happening quickly and will rapidly increase property values and rents! NEW TPO ROOF as of September 2023!
