612 Bancroft Street $895,000

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    612 Bancroft Street Des Moines, IA 50315

    • 14 Beds
    • 12 Baths
    • Multi-Family
    • MLS# 648190
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    Views: 23 Days On Site: 142

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    Property Details

    This CASH FLOWING 12 unit portfolio consists of 4 Tri-Plexes next to one another. Rents have been increased to the maximum 2022 HUD limits and the property is 100% occupied. Priced at a 7 CAP. What I love about this property is the NEW roof, NEW windows, and brick exterior. Many of the units have certainty of rental collection via local rental assistance programs! All NEW Rental Certificates are in place. All units will be available to tour after an offer has been accepted.

    • General Features
      • Area Des Moines S.West
    • Building Features
      • Appliances Refrigerator, Stove
      • Foundation Details Brick/Mortar
      • Cooling Y/N 1
      • Half Bathrooms 0
      • Full Bathrooms 12
      • Roof Asphalt, Shingle
      • Garage Spaces 3
      • Garage Y/N 1
      • Heating Forced Air, Gas, Natural Gas
      • Heating Y/N 1
      • Number Of Units Total 12
    • Property Features
      • Utilities Electricity Available, Natural Gas Available, Water Available
      • Sewer Public Sewer
      • Lot Size Acres 0.75

    Contact

    Barry Hesse

    Barry Hesse

    REALTOR, Broker Associate

    IA - B11216000

    RE/MAX Concepts

    Cell: 515-249-0084

    Neighborhood

    50315 (Des Moines) Demographics

    37 Median Age
    3,516 Population Density (per sq. mile)
    27% College Educated
    $51,710 Estimated Median Income
    8,933 Estimated Total Home Owners
    5,516 Estimated Total Renters
    62% / 38% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    36,097 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    51 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $895,000
        7/1/2022 11:32:38 AM Price Increased Source: Multiple Listing Service New Value: $895,000 5.92%
        6/13/2022 8:17:48 AM Price Increased Source: Multiple Listing Service New Value: $845,000 2.42%
        5/26/2022 9:47:30 AM Status Changed Source: Multiple Listing Service New Value: Active
        5/21/2022 10:47:36 AM Status Changed Source: Multiple Listing Service New Value: Pending
        4/21/2022 5:47:49 PM Status Changed Source: Multiple Listing Service New Value: Active
        4/12/2022 1:47:47 PM Status Changed Source: Multiple Listing Service New Value: Pending
        4/12/2022 8:47:24 AM Status Changed Source: Multiple Listing Service New Value: Active
        4/5/2022 3:02:46 PM Status Changed Source: Multiple Listing Service New Value: Pending
        3/24/2022 7:03:00 PM New in Database Source: Multiple Listing Service New Value: $825,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Listing information is provided in part by the Internet Data Exchange (IDX) program of Des Moines Area Association of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2022 Des Moines Area Association of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.