612 Bancroft Street

Des Moines, IA, 50315

$845,000

$845,000
Active
Active
 - For Sale
beds
14 Beds
baths
12 Baths
property_type
Residential
This CASH FLOWING 12-unit portfolio consists of 4 Tri-Plexes next to one another. 100% occupancy. Rents have been increased to the maximum 2022 HUD limits and the property is 100% occupied. Priced at an 8.5 CAP. What I love about this property is the NEW roof, NEW windows, and brick exterior. Many of the units have certainty of rental collection via local rental assistance programs! All NEW Rental Certificates are in place. All units will be available to tour after an offer has been accepted.
MLS® ID:
648190
Listed:
3/23/22
Updated:
10/4/22

Interior Features

Kitchen Appliances
Refrigerator, Stove
Total Bedrooms
14
Full Bathrooms
12
Cooling
Window Unit(s)
Heating
Forced Air, Gas, Natural Gas

Exterior/Building Features

Lot Size
0.75 acres lot
Roof
Asphalt, Shingle
Sewer
Public Sewer

School Information

High School
Des Moines Independent
Elementary School
Des Moines Independent

Other Property Details

Area Name
Des Moines S.West
Taxes
$15094
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
3
Parking
Detached, Garage, Three Car Garage
View
N
County
Polk
Utilities
Electricity Available, Natural Gas Available, Water Available
Water Source
Public
Pool
No
Zoning
Multi

Property History

Date
Event
Price
Value
7/1/22
Price Change
$895,000
105%
6/13/22
Price Change
$845,000
102%
5/26/22
Active
-
-
5/21/22
Pending
-
-
4/21/22
Active
-
-
4/12/22
Pending
-
-
4/12/22
Active
-
-
4/5/22
Pending
-
-

Courtesy of Realty ONE Group Impact

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Amber Salmon shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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