3612 Ingersoll Avenue Des Moines, IA 50312
Welcome to the Wright Apartments. An exceptional investment opportunity in the heart of the highly sought after Ingersoll & Grand Corridor, one of the most coveted locations in the Des Moines metro. This historic property features a 10, 653 SF building with 8 units, including six large 2-bedroom units and two 1-bedroom units, offering an ideal mix of living spaces. Many updates have been made to the units, enhancing their appeal and marketability. The potential for the 2-bedroom units to be easily converted to 3-bedroom units adds further flexibility and value to this remarkable investment. Built in 1912 and zoned MX2, this property offers a unique blend of historical charm and modern development opportunities. With 50% occupancy and a brand new $50k boiler, there's significant room for immediate upside. Don't miss out on the chance to add this distinctive, well-located property to your portfolio and capitalize on the burgeoning multifamily and low-rise/garden investment market in the Des Moines area.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyPolk
- Taxes$10,934
- HOA/Condo/Coop Fees$0
- Days on Site38 Days
- MLS StatusPending
- MLS ID Number700116
- Home Size Source N/A
- Year Built1912
- Lot Size0.501 Acres
- Full Baths8
- Partial BathsN/A
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General Features
- Construction Brick
- Sewer Public Sewer
- Basement FinishedUnfinished
- Acreage 0.501
- Water Public
- Property Sub Type Apartment
- Utilities Electricity AvailableNatural Gas AvailableWater Available
- Foundation Block
- Zoning MX2
Interior Features
- Cooling Window Units
- Heating Hot WaterNatural Gas
- Furnished? Unfurnished
Exterior Features
- Roof AsphaltShingle
Community Features
- MLS Area Des Moines West