Map location of 3721 Cottage Grove Avenue, Des Moines, IA 50311
$220,000
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3721 Cottage Grove Avenue, Des Moines, IA 50311

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2 Beds
4 Baths
3,599 Sq Ft

Turn Key 8 unit apartment building with solid cash flow. Great Des Moines neighborhood surrounded by a mix of single family and multi family homes. Gross rents are $3670/month. After expenses NOI is aprox $1942/month. CAP Rate at aprox 11%.Current Rental Certificate in place. This building has been easily rented when there is a vacancy with half being long term tenants. 4 tenants have been renting over 3 years with one renting for over 9 years. A large 4 car garage is also rented out and included in gross rents. If you are renting storage space now for business or personal use this might be a great opportunity to eliminate those rental expenses. This building could also be converted back to a large 3600 sq/ft single family home. This home has retained most of its orginial woodwork, character and charm.

Listing By: Andrew Lenaghan - Keller Williams Realty GDM iadmaar Realty.com
  • MLS# 526633
  • Date Listed10/03/2016
  • Bedrooms 2
  • Bathrooms 4 Full baths
  • Lot Size 0.35 acres (15,225 sq. ft)
  • Sewer Public Sewer
  • Property Type Multi Family
  • County Polk
  • Year Built 1900
  • Water Public
  • Square Feet 3,599 sq. ft
  • Price Per Sq. Ft $61.13

Interior Features

  • Cooling None
  • Heating Hot Water

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.35
  • Lot Size SQFT 15,225.00
  • Lot Features -

Directions

From University turn South onto 38th Street. On the corner of Cottage Grove and 38th.

Financial Considerations

  • Tax Amount $6,986
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Jessie Franklin Taylor Education Center

Public • PK - PK • Serves this home

2.38 mi

Distance

Woodlawn Early Childhood Center

Public • PK - PK

3.18 mi

Distance

Merrill Middle School

Public • 6 - 8 • Serves this home

2.5 mi

Distance

Central Academy

Public • 7 - 12

2.82 mi

Distance

Des Moines Public Schools - Virtual Campus

Public • 6 - 12

2.82 mi

Distance

Meredith Middle School

Public • 6 - 8

3.25 mi

Distance

Roosevelt High School

Public • 9 - 12 • Serves this home

1.26 mi

Distance

Des Moines Central Campus High School

Public • 9 - 12

2.82 mi

Distance

Hoover High School

Public • 9 - 12

4.23 mi

Distance

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in IA / 50311

Source: Walkscore

62/100

Somewhat Walkable

Walk Score ®

36/100

Some Transit

Transit Score ®

47/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.

Transit Summary

4 nearby routes: 4 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 40/100, Transit Score: 21/100, Bike Score: 40/100.

Points of Interest near 3721 Cottage Grove Avenue, Des Moines, IA 50311

Frequently Asked Questions for 3721 Cottage Grove Avenue

Source: Realty.com

3721 Cottage Grove Avenue, Des Moines, IA 50311 is a Multi Family, Residential Income property listed for $220,000 The property is 3599 sq. ft with 2 bedrooms and 4 bathrooms

Realty.com has 3 photos of 3721 Cottage Grove Avenue.

Our records indicate that 3721 Cottage Grove Avenue was built in 1900.

The full address for this home is 3721 Cottage Grove Avenue, Des Moines, IA 50311.

3721 Cottage Grove Avenue has been listed on Realty.com since Mon October 03, 2016

Some errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 40/100, Transit Score: 21/100, Bike Score: 40/100.

There are 3 schools assigned to this home. Check out the schools near 3721 Cottage Grove Avenue. Jessie Franklin Taylor Education Center (Grades: PK - PK), Merrill Middle School (Grades: 6 - 8), Roosevelt High School (Grades: 9 - 12)

Listing provided courtesy of: Keller Williams Realty Gdm (tel: 515-334-4900)
Listing agent: Andrew Lenaghan (#3666)

This content last refreshed on 2025-12-20 13:56:14. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 3721 Cottage Grove Avenue, Des Moines, IA 50311 : MLS# 526633

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