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Sold for $340,000
  • $340,000

    6503 Hickman Rd, Des Moines, IA 50322

    6beds
    2,918sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $349,900 Zestimate®
    $117/sqft
    $1,559 Estimated rent

    Home value

    $349,900

    $329,000 - $374,000

    $1,559/mo

    Zestimate® history
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    What's special

    Today we are presenting this outstanding investment opportunity in the form of a well-maintained built-for-purpose duplex. Each side of this duplex basically mirrors the other, offering three generously sized bedrooms and an expansive living area, perfect for modern living. The detailed floor plans included in the photos provide a clear overview of the thoughtful layout. -------- Video walkthrough available upon request. -------- In 2020, the property underwent a comprehensive renovation. This renovation included updates to all major systems, ensuring that every aspect of the duplex meets current standards. The renovations were conducted with all necessary permits, complying with the requirements to maintain the tax abatement status. -------- This property has ample parking space available, a feature highly sought after by tenants. Currently, both units are occupied under lease agreements, with one unit renting for $1,300 per month and the other at $1,250. -------- Another unique selling point of this property is the partial tax abatement still in effect for approximately seven more years. This abatement translates into annual savings of over $4,000—a notable financial benefit for any investor. -------- For an investor looking to add a high-potential, low-maintenance property to their portfolio, this duplex is an ideal choice. It's a property that promises not just returns but also ease of management and long-term satisfaction for both the owner and the tenants.

    Zillow last checked: 8 hours ago

    Listing updated: December 29, 2023 at 09:39am

    Listed by:

    Darson Grantham (641)745-0156,

    Keller Williams Realty GDM

    Bought with:

    Audra Sypolt

    RE/MAX Concepts

    Source: DMMLS,MLS#: 685431MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Gas, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator, Stove, Washer
    Features
    • Basement: Crawl Space
    Interior area
    • Total structure area: 2,918
    • Total interior livable area: 2,918 sqft

    Property

    Lot
    • Size: 0.35 Acres
    • Features: Rectangular Lot
    Details
    • Parcel number: 10012903007001
    • Zoning: Resid

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Block
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Des Moines

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    12/29/2023Sold$340,000-2.9%$117/sqft
    Source: DMMLS #685431 Report a problem
    12/4/2023Pending sale$350,000$120/sqft
    Source: DMMLS #685431 Report a problem
    11/15/2023Listed for sale$350,000+400%$120/sqft
    Source: DMMLS #685431 Report a problem
    8/22/2017Sold$70,000$24/sqft
    Source: DMMLS #543435 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,398 +43.1%$289,900
    2023$1,676 $289,900 +20.7%
    2022$1,676 +13.9%$240,100

    Find assessor info on the county website

    Neighborhood: Merle Hay

    Nearby schools

    GreatSchools rating
    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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