3612 Ingersoll Avenue , Des Moines, IA 50312
Des Moines, IA 50312
Description
Welcome to the Wright Apartments. An exceptional investment opportunity in the heart of the highly sought after Ingersoll & Grand Corridor, one of the most coveted locations in the Des Moines metro. This historic property features a 10,653 SF building with 8 units, including six large 2-bedroom units and two 1-bedroom units, offering an ideal mix of living spaces. Many updates have been made to the units, enhancing their appeal and marketability. The potential for the 2-bedroom units to be easily converted to 3-bedroom units adds further flexibility and value to this remarkable investment. Built in 1912 and zoned MX2, this property offers a unique blend of historical charm and modern development opportunities. With 50% occupancy and a brand new $50k boiler, there's significant room for immediate upside. Don't miss out on the chance to add this distinctive, well-located property to your portfolio and capitalize on the burgeoning multifamily and low-rise/garden investment market in the Des Moines area.
Details
| MLS# | 700116 |
|---|---|
| Listing Type | For Sale |
| Style | Town House / Duplex |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1912 |
| Days On Site | 70 |
| Listing Provided By | EXP Realty, LLC | Liz Keller |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 9,818 |
| Basement | Y |
| Units | 8 |
| Zoning | MX2 |
| Acreage | 0.50 |
Market Activity 50312
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IA |
|---|---|
| County | Polk |
| City | Des Moines |
| Zip Code | 50312 |
| Area | Des Moines West |
| Listing VS Median (in 50312) | |
Price: $1,000,000 low | high Med: $330,000 SqFt: 9,818 low | high Med: 1,479 $ / SqFt: $102 low | high Med: $229 On Site: 70 low | high Med: 68.000000 | |
