1816 Capitol Ave, Des Moines, IA 50316

2 beds, 1 bath, 1,122 sqft
For Sale
$81,900
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Turnkey rental property that is already rented at $850 per month, which produces a cap rate of 8.22%. This home has already had many upgrades completed and already has professional property management in place if desired. This home can be bought individually or as part of a portfolio with up to 38 other properties. Multiple Members of Selling LLC are Licensed Real Estate Agents and Brokers In the State of Iowa. Listing Agent is related to One Mem ber of Selling LLC.
Facts
  • Lot: 6,534 sqft
  • Single Family
  • Built in 1905
  • 195 days on Zillow
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Jan 2012 for $1,285,500
  • Price/sqft: $1,146
  • MLS #: 39257
Features
  • Parking: Garage - Detached, 1 space, 308 sqft
    Additional Features
    • Cooling System: Central, Smoking Not Allowed
    Room Types
    • Mud room
    Construction
    • Roof type: Other
    • Room count: 6
    • # Stories: 1.0
    • Structure type: Other
    • Unit count: 1
    Other
    • Floor size: 1,122 sqft
    • Heating: Gas
    • Lot depth: 130
    • Lot width: 50
    • Parcel #: 04002388000000
    • Zillow Home ID: 773024
    Home Values
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    $75,895
    -$320 Last 30 daysd
    $72K
    $80K
    Zestimate range
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    $962/mo
    +$10 Last 30 daysd
    $789
    $1.2K
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    Neighborhood for 1816 Capitol Avenue

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    Zillow predicts Capitol East home values will increase 0.7% next year, compared to a 2.2% rise for Des Moines as a whole. Among Capitol East homes, this home is 8.8% more expensive than the midpoint (median) home, and is priced 2.9% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Capitol East, the number of foreclosures waiting to be sold is 35.4% greater than in Des Moines, and 123.4% greater than the national average. This higher local number may prevent Capitol East home values from rising as quickly as other regions in Des Moines.

    Learn more about forecast calculations or Capitol East home values.
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