1527 Forest Ave
1527 Forest Ave
Des Moines, IA 50314
Highlights
- - Duplex with 1350sf 2 Bed Units
- - Built in 1924, exuding historic charm
- - Prime location in Des Moines area
- - Blocks to Downtown, Drake University and Interstate 235
- - 100% occupancy, ensuring immediate returns
- - Solid investment opportunity for Multifamily Investors
Description
Presenting a remarkable investment opportunity at 1527 Forest Ave, Des Moines, IA. This impressive multifamily property boasts a 2,673 SF building with 2 units, offering a historic charm with its 1924 construction. With 100% occupancy, this property provides immediate returns on investment while promising future growth. Situated in a prime location, the property is ideally positioned to attract a large tenant base. Its close proximity to downtown Des Moines and Drake University, along with easy access to Interstate 235, ensures a steady flow of potential renters. Both units are currently occupied and in excellent condition, requiring no immediate renovations. Each unit offers spacious and well-designed 2-bed, 1-bath layouts, ensuring tenant satisfaction and retention. This solid cashflow duplex presents an opportunity for a lucrative investment in the thriving Des Moines rental market. With its strong rental history, prime location, and solid condition, this property is an exceptional choice for the discerning Multifamily investor.
Located less than a mile from Downtown Des Moines, the area around 1527 Forest Ave offers an enticing mix of urban accessibility and neighborhood charm. Just blocks away from Drake University, the location provides an appealing draw for students, faculty, and staff. Interstate 235 is conveniently close, facilitating easy access to all corners of the metro area. Within a short stroll, residents can explore a variety of local dining options, boutique shops, and entertainment venues. The nearby Des Moines Farmers Market and the Des Moines Art Center add to the area's vibrancy, creating a sought-after community atmosphere. With its proximity to essential amenities, entertainment, and major transportation routes, the area presents a compelling opportunity for a Multifamily investment in the heart of Des Moines.
Des Moines is a very stable real estate market compared to many other areas. With extremely low unemployment, growing jobs and population Des Moines offers a lot of long-term potential for investors. Iowa is one of the best states for landlord protections and is a friendly state to do business. Des Moines has been increasing in population and jobs as well because of the low cost of living, but the high standard of living.
A vibrant gem in the heart of the prairie, Des Moines is named for the river that snakes through the city. This is Iowa's capital (and the county seat of Polk County), and it is filled with things to do. From concerts at the historic Salisbury House to the collections at Des Moines Art Center, and from the 81 miles of hiking and biking trails to the Greater Des Moines Botanical Gardens, Des Moines offers so much that it was named one of the top 10 cities in which to live by US News.
Home to such companies as John Deere, Pioneer, Corteva, Meredith Corporation, Wells Fargo, Voya Financial, and Principal Financial Group, Des Moines is considered one of the nation's wealthiest cities.
Greater Des Moines is vibrant, growing and experiencing tremendous momentum. Metrics such as gross domestic product growth, population growth and employment growth show DSM as one of the strongest metros in the Midwest. Greater Des Moines is home to many business successes and has received numerous accolades over the past several years. These recognitions include being named one of the top 10 best cities to live and work, one of the best cities for jobs, one of the top 10 places with the most job opportunities per capita and a top metro for economic development projects. Such accomplishments can be attributed to DSM’s talented workforce, impressive education ranking and strong business economy.
