1250 9th Street, Des Moines, IA 50314

$230,000

Turnkey duplex in Des Moines' River Bend Historic District generating $2,750/month in combined rental income. The first-floor 4-bedroom, 1-bathroom unit rents for $1,550/month and is month-to-month, while the second-floor 3-bedroom, 1-bathroom unit rents for $1,200/month and is on a 6-month lease. The second-floor unit also received a brand new furnace within the past year. With 2,504 square feet across both units, there's plenty of room to spread out, plus both units have laundry rooms and hook ups as an added tenet benefit. Water is owner-paid, while gas and electric are separately metered and tenant-paid. Average gas and electric costs are approximately $186/month for Unit 1 and $149/month for Unit 2. A 2-car detached garage provides additional storage and potential for extra income, all situated on a 0.2-acre lot in the historic River Bend neighborhood.

Legal: LOT 2 HALLETTS SUB DIV