Forest Oaks Apartment complex! Rare apartment building investment opportunity in the Des Moines northwest metro area! All 15 apartments feature full kitchens, two bedrooms and 1.5 bathrooms. 7 detached garages that rent at $100 each per month. All units individually metered for water, gas, and electric. All units have their own gas forced air and central air units. Landlord pays insurance and exterior maintenance. Each unit rent between $825 and $900 per month. Mostly brick exterior for low maintenance. Coin operated laundry on site. Located just ten minutes west of downtown.
Sold for $1,000,000 on 11/01/23
$1,000,000
3432 Forest Ave, Des Moines, IA 50311
30beds
14,784sqft
Multi Family
Built in 1968
-- sqft lot
$1,378,700 Zestimate®
$68/sqft
$937 Estimated rent
Home value
$1,378,700
$1.17M - $1.64M
$937/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 07, 2023 at 06:52am
Listed by:
Stephanie Thomas (515)771-7788,
RE/MAX Concepts
Bought with:
Stephanie Thomas
RE/MAX Concepts
Source: DMMLS,MLS#: 676312
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
- Bathrooms: 15
- Full bathrooms: 15
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Interior area
- Total structure area: 14,784
- Total interior livable area: 14,784 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, Garage
- Garage spaces: 4
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 0.64 Acres
- Dimensions: 72.27
Details
- Parcel number: 10008145003000
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Three Story
- Property subtype: Multi Family
Materials
- Brick, Cement Siding
- Foundation: Poured, Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 1968
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: Conventional
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2023 | Sold | $1,000,000-28.6%$68/sqft |
Source:  DMMLS #676312 | ||
| 9/11/2023 | Pending sale | $1,400,000$95/sqft |
Source: DMMLS #676312 | ||
| 6/28/2023 | Listed for sale | $1,400,000$95/sqft |
Source: DMMLS #676312 | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner | ||
| 11/6/2019 | Listing removed | $800 |
Source: Owner | ||
Public tax history
Tax history is unavailable.
Neighborhood: Drake
Nearby schools
GreatSchools rating
- 6/10Perkins Elementary SchoolGrades: K-5Distance: 0.7 mi
- 3/10Callanan Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Roosevelt High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: Des Moines Independent
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,378,700
2% more+ $27,574
With Zillow Showcase(estimated)
$1,406,274