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About This Home
This 5-bedroom, 3-bathroom multi-family at 401 Franklin Avenue in Des Moines, IA is listed for $200,000 ($84 per sqft). Built in 1901, the home offers 2,381 sqft of living space on a 0.19 acres lot.
Fantastic opportunity to invest! Property provides the opportunity to serve as a 2 unit rental, an owner occupied rental, or conversion to a grand single family home in an area of Des Moines seeing continued development. Main level (Unit 1) houses 2 bedrooms and 2 baths with dining area in an appealing open concept.
Unit 2 has 2 bedrooms and 1 bath on the second floor, with an additional third bedroom/loft on the third floor. Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. Current rent rates are $1000 for Unit 1 and $1025 for Unit 2. This could be the one to start or extend your real estate portfolio at an amazing price point.
Key Features
- Built in 1901
- 0.19 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,070/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
401 Franklin Avenue
Des Moines, IA 50314
Property Details
Construction
Heating
Cooling
Appliances
Questions & Answers
This 5-bedroom, 3-bathroom multi-family at 401 Franklin Avenue is listed at $200,000 ($84/sqft). The estimated monthly payment is $867 based on 20% down at 6.5% interest.
Key features include: Built in 1901, 0.19 acre lot.
This property is listed by Meghan O'Brien and can be reached at 5155545312 or meghansellsthe515@gmail.com.
