707 & 715 E Mckinley Avenue, Des Moines, IA 50315
707 & 715 E Mckinley Avenue, Des Moines, IA 50315
707 & 715 E Mckinley Avenue, Des Moines, IA 50315
707 & 715 E Mckinley Avenue, Des Moines, IA 50315
707 & 715 E Mckinley Avenue, Des Moines, IA 50315
707 & 715 E Mckinley Avenue, Des Moines, IA 50315
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$ 590,000
Est. payment | /mo

8 Beds

4 Baths

3,499 SqFt


Save
$ 590,000
Est. payment | /mo
Save

8 Beds

4 Baths

3,499 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,499 sqft

Price per Sqft $168

MLS Listing ID 742767

Style Two Story

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1984

Annual Tax Amount $10,333

Lot Size 0.669 Acres

Acres 0.669

Property Description

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.

Location

State IA

County Polk

Area Des Moines S.East

Zoning N3AF

Rooms

Basement Finished, Walk-Out Access

Interior

Heating Forced Air, Gas, Natural Gas

Cooling Central Air

Flooring Carpet

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Refrigerator, Stove

Exterior

Parking Features Detached, Garage, Two Car Garage

Garage Spaces 2.0

Garage Description 2.0

Utilities Available Electricity Available, Natural Gas Available, Water Available

Roof Type Asphalt,Shingle

Private Pool No

Building

Lot Description Rectangular Lot

Entry Level Two

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Des Moines Independent

Others

Tax ID 120/00138-105-000 & 120/00138-104-000

Monthly Total Fees $861

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by RE/MAX Precision

Schools and Properties Nearby

Randy Brady

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(515) 988-4786

randallbradyrealtor@gmail.com

2425 N Ankeny Blvd, Ankeny, IA, 50023-4722, USA

Learn More About LPT Realty

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707 & 715 E Mckinley Avenue