717 Franklin Avenue 11

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This portfolio includes 10 multifamily properties and 7 single-family homes. The multifamily portion features 44 total units spread across 10 buildings, all currently occupied on a month-to-month basis. These multifamily units generate an annual gross income of $386,940, with an annual net income of $233,689.

The 7 single-family homes collectively produce a gross income of $100,200 and net $54,011 annually. The seller has not significantly increased rents in recent years and believes a new owner could realize additional profit through rent adjustments.

More Info Here: https://drive.google.com/drive/folders/1DLW1zlK7zyNc5coohMDwK2e77qetJWMs?usp=drive_link

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Price:$$4,100,000
Address:717 Franklin Avenue 11
City:Des Moines
County:Polk
State:Iowa
Zip Code:50314
MLS:717804
Year Built:1901
Square Feet:4,233
Acres:0.303
Lot Square Feet:0.303 acres
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