110 SW SCHOOL ST
ANKENY, IA 50023
$335,000
4 Beds
9 Baths
2,866 Sq Ft
Status Pending
MLS# 694991
Introducing a prime investment opportunity in the the very popular Ankeny area: This 6 unit building includes two studios and four one-bedroom units, with five currently leased. This property generates a gross income of $3,400 monthly, with potential close to $5,000. Each unit is individually metered for electricity and heating, minimizing overhead costs for the owner. Additional amenities include a coin-operated laundry facility in the basement, space for potential storage development, and six large garage stalls offering untapped potential for additional rental income. With minimal updates required and a pro forma cap rate exceeding 9%, this property presents a valuable add-on opportunity in the thriving Des Moines market.
Details for 110 SW SCHOOL ST
Built in 1921
$117 / Sq Ft
4 parking spaces
Window Unit(s)
Baseboard, Electric
13 Days on website
0.248 acres lot
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
RE/MAX Precision, (515) 223-9492
7:49pm UTC- 5/23/2024
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Area Information for 110 SW SCHOOL ST
