1527 Forest Avenue, Des Moines, IA 50314

$250,000 Asking Price

2,673  sqft
Built in 1924

Positioned on the corner of Forest Ave & 16th St in Des Moines. This duplex presents a lucrative investment opportunity. Two 2bed 1 bath units (1350 SF) Both units currently occupied with leases in place ($1,050/$975). Heat, water & electric paid for by tenant. Low expenses, Rent's above market rate; This duplex is a perfect opportunity for a first time investor or one looking to grow the portfolio with this hands off- easy to manage asset. Contact Listing agent for OM & financials.

Features & Amenities

Interior

Basement:
Unfinished
Heating:
true, Electric

Exterior

Style:
Two Story
Parking:
Detached,Garage,Two Car Garage

Construction

Roofing:
Asphalt,Shingle
General:
2

Location

Road/Access:
Asphalt
Originating MLS:
DMAAR
School District:
Des Moines Independent
County:
Polk

Lot

Zoning:
N5, S 85 F LOT 13 BLK 3 LAYMANS 2ND ADD, 080-03839000000

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
DMAAR

This listing courtesy of:
Keller Real Estate Services, Chase Keller

About Des Moines, IA

Housing

Number of Units
99,985
Median Home Value
$151,586
Median Rent
$791

40.41% of housing units are renter occupied.

7.36% are vacant.

Commute

Car
75.18%
Public Transportation
1.57%
Walk to Work
2.32%
Work from Home
19.95%
Other
0.57%

The median travel time to work is 17 minutes.

People

Population
223,303
Median Age
35.20
Median Household Size
2.59

Education

High School
28.82%
Associate’s Degree
8.43%
Bachelor’s Degree
20.24%
Graduate Degree
8.07%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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