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About This Home
This 6-bedroom, 5-bathroom residential multi family at 2931 Kingman Boulevard in Des Moines, IA is listed for $385,000 ($114 per sqft). Built in 1909, the home offers 3,367 sqft of living space on a 0.26 acres lot.
Rare investment opportunity in the highly desirable Kingman neighborhood of Des Moines. A 5 unit property with assigned off street parking for each unit. Additionally there is a detached car garage for further potential rental income. The units have been well updated, including 200 amp service metered to each unit, fresh paint, carpet, and the majority of the hardwood flooring being refinished.
Current rental rates are: Unit 1 (occupied) $1050. Unit 2 (occupied) $795. Unit 3 (Occupied) Published rate $695. Unit 4 (occupied) $820. Unit 5 (occupied) $595. This is a perfect combination of a well maintained and highly marketable rental property that still has room for future revenue enhancing improvements.
Key Features
- Built in 1909
- 0.26 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$2,059/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2931 Kingman Boulevard
Des Moines, IA 50311
Property Details
Parking
Heating
Appliances
Questions & Answers
This 6-bedroom, 5-bathroom residential multi family at 2931 Kingman Boulevard is listed at $385,000 ($114/sqft). The estimated monthly payment is $1,668 based on 20% down at 6.5% interest.
Key features include: Built in 1909, 0.26 acre lot, 3 stories.
This property is listed by Meghan O'Brien and can be reached at 5155545312 or meghansellsthe515@gmail.com.
