This property had a complete overhaul in 2022, completely gutting all units and replacing everything inside and out. All new separated heat, electric and plumbing. All new mechanicals, new siding, windows, roof, porch, everything! Property has security system in place. Coin-op laundry in basement common area. Also a storage space that could be tapped for even more income. 5 blocks from Interstate 235 and about a mile from downtown. Directly in the center of the metro, making commuting anywhere a breeze. Plenty of off-street parking for tenants. Drake University area boasts a large Graduate student population with obvious benefits, but the Drake neighborhood pulls tenants from much more than just the University. Location so close to downtown, close to interstate and amazing walkability. Value Add: Room to increase rents, add basement storage, allow pets for additional income.
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The average household income in
Des Moines, IA
grew
from
$48,088
to
$49,999
in the past year. This data is an estimate based upon
83,916
households in
Des Moines, IA. The chart below presents how household income is distributed in
Des Moines, IA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Des Moines, IA
compared to median property taxes around the country. The prevalent amount of property taxes in
Des Moines, IA
equals
$3k+
, which is
less
than the national average.