2316 51st Street, Des Moines, IA 50310

$1,250,000

Eight units, four duplexes, four separate parcels — acquired in a single transaction, below appraised value. Renters love this location, which keeps your vacancy rate low. Minutes from downtown, Beaverdale, and Merle Hay, with quick access to I-80/35 and I-235 for easy reach to Urbandale, West Des Moines, and beyond. All eight units are 2BD/1.5BA with a one-car garage. Built in 1995 and meticulously maintained — newer roofing, updated AC, and these units have been cared for, not just managed. Each unit features a dry basement with egress windows, already set up for a third bedroom conversion. Add square footage, increase rents, build equity. The value-add is built right in. Listed below appraised value, appraised above $1,275,000. Seven of eight units are occupied and cash flowing — and the eighth is actively being marketed at $1,400/month. The numbers work. The location works. Now it's your move. Note: This includes four buildings: 2310/2312 51st St, 2316/2318 51st St, 5101/5103 Hickman Rd, and 5107/5109 Hickman Rd. ALL four parcels to be included together (see agent remarks).

Legal: See Remarks for ALL included parcels.