4131 55th Street, Des Moines, IA, 50310
4131 55th Street
Des Moines, IA 50310
Highlights
- Unique Duplex Opportunity
- $255,000
- NOI: $20,828
- Caprate: 8.17%
- CoC Return: 8.9%
- Tenants pay all utilities and take care of lawn care and snow removal
- Fully occupied and managed!
Description
This Unique Duplex sits in a quiet and desirable residential neighborhood in NW Des Moines. Just blocks away from Merle Hay Mall, this property is close to shopping, restaurants, entertainment. And being right in the center of the metro, it's a breeze for tenants getting around town.
Unit A is a 2 Bed, 1 Bath, currently rented at $1,000 with potential of $1,100. Lease expires end of Spring of '25.
Unit B is a very large 4 Bed, 2 Bath unit with a 2 car attached garage. Newly leased at $1700.
Tenants pay for all utilities and take care of the lawn care and snow removal, making this a very easy and profitable property.
Property Management is in place for an easy transition, bring in your own management or manage yourself.
Seller just spent close to $15,000 into the roof.
Nestled perfectly between Beaverdale and Urbandale, this neighborhood stands as an excellent choice for long-term rentals. Its central location in the metropolitan area ensures convenient access to all corners of the city with ease, as it is less than 3 miles away from the interstates and just a quick 10-minute drive from Downtown. Within a few blocks, you’ll find popular establishments like Starbucks, Target, Chick Fil A, and Merle Hay Mall, making daily errands a breeze.
Des Moines boasts a highly stable real estate market, distinguishing itself from many other regions. Its low unemployment rate, flourishing job opportunities, and population growth make it an enticing destination for long-term investment. Iowa’s favorable landlord protections and business-friendly environment further enhance its appeal to investors.
The vibrant gem in the heart of the prairie take its name from the meandering river that flows through it. As the capital of Iowa and the county seat of Polk County, Des Moines offers a rich array of activities and attractions. From historical concerts at Salisbury House to the art collections at De3s Moines Art Center and the abundance of hiking and biking trails stretching 81 miles, the city caters to diverse interests. Not to forget the beautiful Greater Des Moines Botanical Gardens, which adds to the city’s allure.
Home to prestigious companies like John Deere, Pioneer, Corteva, Meredith Corporation, Wells Fargo, Voya Financial, and Principal Financial Group, Des Moines ranks among the nation’s most affluent cities.
The Greater Des Moines area enjoys a vibrant atmosphere with continuous growth and momentum. Impressive metrics such as gross domestic product growth, population expansion, and employment opportunities solidify DSM’s position as one of the strongest metros in the Midwest. Over the years, the region has garnered numerous accolades, including being recognized as one of the top 10 cities to live in and work in, one of the best cities for job opportunities, and a top destination for economic development projects. DSM owes these achievements to its exceptional workforce, top-tier education system, and robust business economy.
