If you're looking for a duplex portfolio, this is your chance! 707 & 715 E. McKinley Ave. are located side by side, making management and maintenance much more efficient for an investor. Per the seller, all four units offer 3 bedrooms with additional finished basement sq footage. The combined gross monthly income for both duplexes is $4,893.
Tenants are responsible for all utilities, including water, sewer, storm water, gas, electric, lawn care, and snow removal, helping keep operating expenses low. The owner is responsible for snow removal of the parking areas due to the shared driveways. 715 New furnace & Ac (2023) & 717 water heater replaced (2024). Conveniently located near shopping, dining, and everyday amenities, these properties offer strong rental appeal. Additional features include spacious backyards, walkout basements, and functional floor plans. This investment presents excellent upside potential for investors looking to enhance value and maximize returns. Also available from the same owner are 801, 807 and 815 E. McKinley Ave., creating the opportunity to acquire a larger multifamily portfolio. All information obtained from seller and public records.
Legal: LOT 5 BELNOR HEIGHTS PLAT 2
742767
$590,000
Sale
TwoStory
MultiFamily
707 & 715 E Mckinley Avenue
Des Moines
Polk
IA
50315
8
3499
4
4
2
Finished, WalkOutAccess
3499
29120
Detached, Garage, TwoCarGar
2
Des Moines S.East
10333.01
1984
Des Moines Independent
Unfurnished
RectangularLot
TwoStory
Carpet
Dishwasher, Refrigerator, Stove
ForcedAir, Gas, NaturalGas
Public
PublicSewer
CentralAir
No
RE/MAX Precision, Dustin Kupka (515.681.7001)