Greater Des Moines Market Center

Home for Sale at 2809 Rutland Avenue, Des Moines, IA 50311

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2809 Rutland Avenue, Des Moines, IA 50311
Listing# 448502
Sold Price: $105,000
Full Bathrooms: 4
Type: Multi-Family
School District: Des Moines Independent
County: Polk
    Photo of home for sale at 2809 RUTLAND Avenue, Des Moines IA
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Property Description:
This is a cash flowing 3 plex in improvement district. The property has 3 units in total, 1 four bedroom and two 2 bedroom units on separate meters. They rent for $750, $750, and $710 respectively. Upstairs 4 bedroom could be converted into 2 two bedroom for a total of 4 units. New 250,000 btu $15,000 furnace, new front sidewalk, home has massive character. Property cash flows about $1000 per month, will do more if managed properly. Tenants are not currently charged utilities. Property needs a little tlc but qualifies for $20,000 forgivable grant if turned back into single family residence. Motivated seller, price lowered $20,000.

Property Type:Multi-Family
Listing Status:Sold
Sold Date:10/31/2015
Area Name:Des Moines West
Exterior:Metal Siding
Year Built:1900
Lot Square Feet:10200
Garage Description:2 Detached
Off Street Parking:yes
Air Conditioning:Central
Heat:Hot Water
Total Full Baths:4
Basement Description:Unfinished
School District:Des Moines Independent

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