This 5-unit investment property in a great location right by the state fairgrounds includes a 4-unit building and a detached single family home on the same parcel. This 100% occupied income property grosses $3030 per month in rental income, plus additional annual State Fair parking income. This property would be a great value add opportunity for an investor, with the opportunity to generate additional cash flow via implementing RUBS.
Sold for $215,000 on 08/27/24
$215,000
2936 E Walnut St, Des Moines, IA 50317
5beds
2,224sqft
Multi Family
Built in 1924
-- sqft lot
$215,900 Zestimate®
$97/sqft
$1,474 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: August 27, 2024 at 02:24pm
Listed by:
Joel Conner (515)205-6388,
Realty ONE Group Impact
Bought with:
Jeff Swehla
RE/MAX Precision
Source: DMMLS,MLS#: 699308
Originating MLS: Des Moines Area Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air, Window Unit(s)
Features
- Basement: Partially Finished
Interior area
- Total structure area: 2,224
- Total interior livable area: 2,224 sqft
- Finished area below ground: 700
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.28 Acres
- Features: Rectangular Lot
Details
- Parcel number: 05000800001000
- Zoning: N3c
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Asbestos, Metal Siding
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & neighborhood
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete