530 SW Maple St, Ankeny, IA, 50023

530 SW Maple St Ankeny, IA 50023

530 SW Maple St, Ankeny, IA, 50023
530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023 530 SW Maple St, Ankeny, IA, 50023
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$395,000
Last Verified:
Jul 31, 2024

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Highlights

  • - Completely Renovated with high end finishes
  • - 100% ADA Compliant
  • - Amazing location in Ankeny
  • - Both units are 3 bed, 2 bath
  • - 2 Car Garage
  • - Perfect for Househacking

Description

Presenting an exceptional investment opportunity, this 2,080 SF building comprising 2 units offers a remarkable blend of historic appeal and modern convenience. Renovated in 2016, this property has undergone extensive gutting and refurbishment, resulting in high-end finishes throughout. Every aspect of this duplex has been meticulously touched, ensuring a superior living experience for tenants and a sound investment for Small Multifamily investors. Also perfect for anyone looking to do Househacking.
Sellers built it to be their forever home. Sellers currently occupying one unit and interested in a lease back for a month or two.
Other unit is occupied currently at $1,200 with the potential of $1,700 on each side!

Both units are ADA compliant, providing accessibility and comfort for all occupants. Each side features 3 bedrooms and 1 bath, with unfinished basements offering the potential for conversion into additional living areas. The property's R-2 zoning, combined with its 100% occupancy rate, presents an attractive income-generating prospect for astute investors. With its meticulous renovation, thoughtful design, and potential for additional development, this property stands as a compelling opportunity for investors seeking a turnkey investment in a prime Des Moines location.

Boasting close proximity to Uptown Ankeny and The District at Prairie Trail, residents will enjoy easy access to a wide array of dining, shopping, and entertainment options. The property's prime location places it just blocks away from Ankeny High School and Middle School, making it an appealing choice for families seeking a convenient and family-friendly living environment. Additionally, the proximity to major employers such as John Deere Des Moines Works and the Des Moines Area Community College (DMAAC) offers a compelling draw for potential tenants, especially those seeking convenient access to employment and educational opportunities.

Convenience is paramount, as the property is just off of 1st St, Ankeny Blvd, and State St, providing easy access to a myriad of amenities including restaurants, grocery stores, and shopping centers. With Interstate 35 only 6 minutes away and Interstate 80 just 10 minutes from the property, residents will enjoy seamless connectivity to neighboring cities and beyond.
Furthermore, the short 16-minute drive to downtown Des Moines positions the property at the heart of a thriving metropolitan area, offering a blend of urban conveniences and suburban tranquility. With its strategic location and access to a wide range of amenities, employers, and educational institutions, the property stands as an attractive and promising investment opportunity in a vibrant and growing community.


Year Built: 1958
Building Size: 2080sq ft
Lot Size: 0.23 acres


Documents

Offering Memorandum _ 530 SW Maple St.pdf

Map of 530 SW Maple St, Ankeny, IA, 50023

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.