2419 Cottage Grove Avenue , Des Moines, IA 50311
Des Moines, IA 50311
Description
Introducing The Cutler Apartments, a historic gem located just blocks from Drake University, Downtown, and Interstate 235, offering unparalleled convenience for residents. This solid brick construction property is in great shape, with spacious units over 1200sf each. Tenants enjoy 2 bedrooms, a living room, dining room, and two additional versatile rooms, making it an ideal living space. Great for work-from-home office. The month-to-month tenancy allows for a seamless transition, and the current low rents present an opportunity for increased income. The property features coin-op laundry for extra revenue and untapped storage space that could generate additional income. Tenants pay for their electricity, while the owner covers common areas, heat, and water. With ample parking and easy commuting, this property is an attractive choice for tenants. Whether it's the proximity to key locations, the spacious units, or the potential for increased income, The Cutler presents a unique opportunity for multifamily/low-rise/garden investors seeking a blend of historical charm and financial potential.
Details
| MLS# | 700114 |
|---|---|
| Listing Type | For Sale |
| Style | Town House / Duplex |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1910 |
| Days On Site | 76 |
| Listing Provided By | EXP Realty, LLC | Liz Keller |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 8,631 |
| Zoning | R-3 |
| Acreage | 0.15 |
Market Activity 50311
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Learn More About This Property
| State | IA |
|---|---|
| County | Polk |
| City | Des Moines |
| Zip Code | 50311 |
| Area | Des Moines West |
| Listing VS Median (in 50311) | |
Price: $675,000 low | high Med: $272,825 SqFt: 8,631 low | high Med: 1,630 $ / SqFt: $78 low | high Med: $169 On Site: 76 low | high Med: 32.000000 | |
