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110 SW School Street, Ankeny, IA 50023

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For Sale
Sale Pending

$335,000

9 baths • 2,866 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $116.89
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Introducing a prime investment opportunity in the the very popular Ankeny area: This 6 unit building includes two studios and four one-bedroom units, with five currently leased. This property generates a gross income of $3,400 monthly, with potential close to $5,000. Each unit is individually metered for electricity and heating, minimizing overhead costs for the owner. Additional amenities include a coin-operated laundry facility in the basement, space for potential storage development, and six large garage stalls offering untapped potential for additional rental income. With minimal updates required and a pro forma cap rate exceeding 9%, this property presents a valuable add-on opportunity in the thriving Des Moines market.
MLS# 694991

Courtesy Of RE/MAX Precision

(515) 223-9492

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Wood
  • Heating Fuel
    Electric
  • Heating System
    Baseboard
  • Lot Size
    0.25 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement, Full Bath

Map and Directions

Directions to 110 SW School Street, Ankeny, IA 50023

Home seller CENTURY 21 Signature Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Signature Real Estate

(515) 963-1040
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Monthly Payment Breakdown

  • Principle and Interest
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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Des Moines Area Association of REALTORS ®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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