1515 Martin Luther King Jr Parkway
Des Moines, IA 50314
MLS #551157

Multi-Family
  • 2units
  • 0.161acres
$39,900
Est. P&I payment: $152.39/mo
1515 Martin Luther King Jr Parkway, Des Moines, IA 50314
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Description for 1515 Martin Luther King Jr Parkway, Des Moines, IA 50314
Calling all investors. Complete renovation needed. Side by side duplex. Unit one had a original two-story layout 2008 living sq ft w/ 4 BR and 2 BA, kit and living room. Unit two had a original story 1/2 layout 701 living sq ft w/ 2 BR, 1 BA, kit and living room. Shared basement 1124 sq ft. Second structure on needs removed. Separate meters for gas and elec tenant pays all utilities except water & trash. Landlord pay water and trash and insurance and yard maintenance. This is a perfect project for this winter. Here is your chance to buy low and build equity. Here is your chance to. own a income producing property in one of the cities up and coming markets.
MLS #551157
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My Notes for MLS #551157

General Features

  • Property Type: Multi-Family
  • Style: Two Story
  • Acres: 0.161
  • Year Built: 1904

Exterior Features

  • Exterior: Frame
  • Acres: 0.161
  • Lot SF: 6,996
  • Lot Size: 53X132
  • Foundation: Concrete Block,​Poured
  • Paved YN: 1
  • Sidewalk: N

Interior Features

  • Square Feet Total: 4,142
  • Square Feet Bsmt: 1,124
  • Living Area Sq Ft: 4,142
  • Basement Desc: Unfinished
  • Storage: 1

Utilities Features

  • Air Conditioning: See Remarks
  • Heat: Gas Forced Air
  • Landlord Tenant Utilities: Electric Tenant,​Gas Tenant,​Insurance Landlord,​Misc Exp Landlord,​Water Landlord
  • Laundry YN: 1
  • Separate Meters: Y

Financial Features

  • Expense Total: 265
  • Gross Operating Income: 2,250
  • Gross Taxes: 660
  • Net Taxes: 660

Community Features

  • School District: Des Moines Independent

Misc Features

  • Parcel Number: 8,007,762,000,000
  • Total Units: 2
  • Zoning: C-0

Location

 
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Directions to 1515 Martin Luther King Jr Parkway, Des Moines, IA 50314
From the corner of MLK and Forest Ave go North on MLK. Home is on the right hand side.
The listing information for 1515 Martin Luther King Jr Parkway, Des Moines, IA 50314 was graciously provided by our friends at the listing brokerage, RE/MAX Concepts

Get Financing for 1515 Martin Luther King Jr Parkway, Des Moines, IA 50314

Gershman Mortgage
David Bell
8460 Birchwood Ct, Ste 700
Johnston, IA 50131
515-330-2930 Office
(515) 205-3962 Mobile
(515) 330-2933 Fax
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P&I Payment $152.39
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Last Updated 12/15/2017 at 4:54pm
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