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1419 E 40th Street, Des Moines, IA 50317

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For Sale
Sale Pending

$230,000

2 baths • 1,096 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • $209.85
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Great 3 Bed Duplex Opportunity in Des Moines' East side. One unit is recently vacated. Occupied unit is on month to month at $700, rent comps are $1300. It needs a little work to get there, but it won't take much. All utilities separated and tenants take care of Lawn & Snow. Both units have all 3 bedrooms and bathroom on Upper Level, with the Living Room and Kitchen on the Main Level. Built 1983. CapRate 8.5%12.3% Cash on Cash Return after renovation. Buy before Interest Rates drop and buyer demand floods back into the market. Potential Seller paid Rate Buy-down available. All information obtained from seller and public records.
MLS# 687752

Courtesy Of RE/MAX Precision

(515) 223-9492

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Cooling System
    Central A/C
  • Exterior Type
    Metal
  • Heating Fuel
    Natural Gas
  • Heating System
    Forced Air
  • Lot Size
    0.2 Acres
  • Roof Type
    Asphalt
  • Rooms
    Full Bath

Map and Directions

Directions to 1419 E 40th Street, Des Moines, IA 50317

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(515) 233-2623
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Monthly Payment Breakdown

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Copyright © 2024 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.

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