717 Franklin Avenue #11, Des Moines, IA 50314

Local realty services provided by:Better Homes and Gardens Real Estate Innovations
#1#2#3
717 Franklin Avenue #11,Des Moines, IA 50314
$3,400,000
  • - Beds
  • - Baths
  • 4,233 sq. ft.
  • Multi-family
  • Active
Listed by:jeff downing
Office:lpt realty, llc.
MLS#:717804
Source:IA_DMAAR

Price summary

  • Price:$3,400,000
  • Price per sq. ft.:$803.21

About this home

This portfolio includes 10 multifamily properties and 7 single-family homes. The multifamily portion features 44 total units spread across 10 buildings, all currently occupied on a month-to-month basis. These multifamily units generate an annual gross income of $386,940, with an annual net income of $233,689. The 7 single-family homes collectively produce a gross income of $100,200 and net $54,011 annually. The seller has not significantly increased rents in recent years and believes a new owner could realize additional profit through rent adjustments. More Info Here: https://drive.google.com/drive/folders/1DLW1zlK7zyNc5coohMDwK2e77qetJWMs?usp=drive_link

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Home facts

  • Year built:1901
  • Listing Id #:717804
  • Added:97 day(s) ago
  • Updated:August 06, 2025 at 02:54 PM

Rooms and interior

  • Living area:4,233 sq. ft.

Structure and exterior

  • Year built:1901
  • Building area:4,233 sq. ft.
  • Lot area:0.3 Acres

Finances and disclosures

  • Price:$3,400,000
  • Price per sq. ft.:$803.21
  • Tax amount:$51,012

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