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Back 1327 13th Street
Off Market

1327 13th Street

Des Moines IA 50314

5
5
7480 sq. ft.
7480 sq. ft.
Apartment
Last sold for $395,000
Crystal ArguelloCrystal Arguello, last sold this property on 22 March 2023 after 270 days on market.

Overview

INVESTORS!!! Take a look at this value to add/ cash-flowing, 5plex, conveniently located minutes from downtown and Drake University. The property is fully occupied; leases are signed with a current rental certificate. A handyman living in one of the units helps with almost all maintenance, repairs, updates, and management of the property. Rents are $725, $725, $900, $725, and $900, with the tenants paying utilities (water, gas, electric) that are at $725, and tenants not paying utilities that are at $900 (all tenants are current on rent and have never had a problem). The approximate annual NOI is $36,300. Recent updates include a new roof, parking lot, sidewalk, flooring, appliances, windows, paint, and other miscellaneous items. Vacant storage space in the basement (600 SF) could be converted into an additional unit to help build additional equity/ cash flow; plumbing and electrical are already roughed in. Reach out TODAY for more detailed information regarding the finances and quality of the property.

Features

5 bedrooms
5 bathrooms
7480 sq. ft. floor area
7480 sq. ft. lot size
Apartment

Estimated Value

We need at least 3 similar 5 bedroom apartments sold in Des Moines over the last 12 months.

Property history for 1327 13th Street

2023
Sold
$395,000
22 Mar 2023 by Crystal Arguello, of Realty ONE Group Impact
2021
Sold
$280,000
12 Jan 2021 by Nancy Learned, of Associated Realty

Happy sellers in Des Moines

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We have insufficient information to provide an overview of customer satisfaction for Des Moines. Viewing the agent profiles, reviews and sales for Des Moines can provide insights for this location.

Local market activity for 5 bedroom apartments in Des Moines

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Des Moines

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Tomesha Mazzie

Tomesha Mazzie is a recommended agent for Des Moines.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (6 reviews)
  •  2 Reviews in Des Moines
  •  2 Sales in Des Moines
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Brenda Tart

Sellers who recommend Brenda Tart have praised them for being responsive, clear communication, and supportive

  •   5   (20 reviews)
  •  2 Reviews in Des Moines
  •  1 Sale in Des Moines
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Joel Conner

Sellers who recommend Joel Conner have praised them for being local expert, responsive, clear communication, great negotiation, patient, supportive, and detail-oriented

  •   5   (54 reviews)
  •  1 Review in Des Moines
  •  2 Sales in Des Moines
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Collin Coy

Collin Coy is a recommended agent for Des Moines.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (3 reviews)
  •  1 Review in Des Moines
  •  2 Sales in Des Moines
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