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1072 27th Street, Des Moines, IA 50311

Show All 4 Photos
For Sale

$355,000

3 beds • 5 baths • 2,769 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $128.21
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Looking for a 1031 exchange or an easy way to build an investment portfolio? This multi-family 5 plex is it! All five units are rented out, and the cap rate is over 8.6%. Building updates include: new water heater, new fire escape (in progress), new flooring and paint in the hallway common area, new exterior door, new basement windows, exterior tuckpointing. Unit updates include: - Apt 1: Full remodel including bathroom and kitchen, new appliances, and new flooring. Some new windows and exterior door - Apt 3: Basement - New flooring and stove, new door - Apt 4: Full remodel including bathroom and kitchen, new appliances, and new flooring - Apt 5: Full remodel including bathroom and kitchen, new appliances, and new flooring Building has a 6th unit on top floor that can be renovated and rented out or lived in by a new owner.
MLS# 726616

Courtesy Of Realty ONE Group Impact

(515) 446-7524

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Heating System
    Forced Air
  • Lot Size
    0.16 Acres
  • Rooms
    Basement

Map and Directions

Directions to 1072 27th Street, Des Moines, IA 50311

Home seller CENTURY 21 Signature Real Estate

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CENTURY 21 Signature Real Estate

(515) 224-4002
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
    $0
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.