1072 27th Street, Des Moines, IA 50311
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
1072 27th Street,Des Moines, IA 50311
$355,000
- 3 Beds
- 5 Baths
- 2,769 sq. ft.
- Multi-family
- Active
Listed by:nora crosthwaite
Office:realty one group impact
MLS#:726616
Source:IA_DMAAR
Price summary
- Price:$355,000
- Price per sq. ft.:$128.21
About this home
Looking for a 1031 exchange or an easy way to build an investment portfolio? This multi-family 5 plex
is it! All five units are rented out, and the cap rate is over 8.6%. Building updates include: new
water heater, new fire escape (in progress), new flooring and paint in the hallway common area, new
exterior door, new basement windows, exterior tuckpointing. Unit updates include:
- Apt 1: Full remodel including bathroom and kitchen, new appliances, and new flooring. Some new
windows and exterior door
- Apt 3: Basement - New flooring and stove, new door
- Apt 4: Full remodel including bathroom and kitchen, new appliances, and new flooring
- Apt 5: Full remodel including bathroom and kitchen, new appliances, and new flooring
Building has a 6th unit on top floor that can be renovated and rented out or lived in by a new owner.
Contact an agent
Home facts
- Year built:1900
- Listing ID #:726616
- Added:1 day(s) ago
- Updated:September 19, 2025 at 08:44 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:5
- Full bathrooms:5
- Living area:2,769 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Forced Air, Gas
Structure and exterior
- Year built:1900
- Building area:2,769 sq. ft.
- Lot area:0.16 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$355,000
- Price per sq. ft.:$128.21
- Tax amount:$3,554
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