5136 Ingersoll Ave Des Moines, IA 50312
- Apartment buildings
- 3,315 SF
Current Use by Public Records
- Apartment buildings
Property Details for 5136 Ingersoll Ave
- Year built
- 1918
- Property size
- 3,315 SF
- Property type
- Apartment buildings
Description
This exceptional 5-unit apartment building, located at 5136 Ingersoll Avenue in Des Moines, Iowa, presents a compelling investment opportunity. Built in 1918, this two-story structure boasts a total of 3,315 square feet. The property consists of five individual units, each featuring one bedroom and one bathroom. Residents share convenient on-site laundry facilities. The building's prime location in Des Moines offers excellent potential for rental income and appreciation. All five units are being sold together in a single transaction, providing a streamlined acquisition process for investors. The property's address is 5136 Ingersoll Ave, Des Moines, IA 50312, situated within Polk County. This historic building represents a chance to acquire a well-established multifamily property in a desirable Des Moines neighborhood. The asking price for this turnkey investment is $489,900. This presents a rare opportunity to acquire a stable, cash-flowing asset in a thriving Iowa market. The property's age and character contribute to its unique charm and appeal, while its solid construction and established tenancy suggest a low-risk investment. Serious inquiries are encouraged to schedule a viewing and explore the potential of this remarkable property.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6886
- Latitude
- 41.5861
