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1050 21st Street, Des Moines, IA 50311

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For Sale

$615,000

8 beds • 3 baths • 2,965 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $207.42
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Property for Sale: Turn-Key Airbnb with High Earnings Near Downtown Des Moines. This multifamily property, just minutes from Downtown, generates over $110,000 annually, providing a hassle-free investment. Recently remodeled, it includes three updated units: a spacious 4-bedroom penthouse, a comfortable 3-bedroom, and a charming 2-bedroom. Upgrades feature new flooring, kitchens, bathrooms, granite countertops, and stainless steel appliances, along with a new roof, updated electrical systems, mini-split systems, fresh paint, and new siding. Ideally located, the property offers easy access to Sherman Hill and brewery districts, and it's a 5-minute drive to Court Avenue and Wells Fargo Arena. The airport is just 7 minutes away, and ample parking enhances convenience for guests. The property is sold fully furnished, including over $35,000 in furniture and assets. A rental certification is in place! Just renewed and good until April 2027. Additionally, there's an office/shop space in the rear with a new tenant LOI for $700/month, or it can be used by the owner. This is a rare chance to acquire a fully remodeled, high-performing Airbnb that offers immediate returns and long-term value. Three years of financials and remodel budgets are available. The seller can offer rate buy-down credits, closing cost assistance, and short-term rental management during the transition if needed. Don t miss this opportunity!
MLS# 701347

Courtesy Of Pennie Carroll & Assoc

(515) 490-8025

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Carpet, Tile, Vinyl
  • Heating System
    Forced Air
  • Lot Size
    0.33 Acres

Map and Directions

Directions to 1050 21st Street, Des Moines, IA 50311

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CENTURY 21 Signature Real Estate

(515) 224-4002
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Copyright © 2024 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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