1. Iowa
  2. Des Moines
  3. 717 Franklin Avenue 11
$3,400,000

717 Franklin Avenue 11, Des Moines, IA 50314

  • 4,233 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1901
  • Property Lot Size Icon0.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $803/sqft
  • Property List Date Icon Listed 2 months ago

Property 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

Listing Status:
Active
Date Added:
May 9, 2025 at 05:00AM
Listing Office:
LPT Realty, LLC : (877) 366-2213
Listing Agent:
Jeff Downing : (515) 257-6477
MLS ID:
717804
  • Originating MLS: DMAAR
  • School District: Des Moines Independent
  • County: Polk

This listing courtesy of Jeff Downing, LPT Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

M

Moulton Elementary School

1541 8th St, Des Moines, IA, 50314

Grades EE-5

0.30 miles away

H

Harding Middle School

203 E Euclid Ave, Des Moines, IA, 50313

Grades 6-8

1.25 miles away

N

North High School

501 Holcomb Ave, Des Moines, IA, 50313

Grades 9-12

0.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.