FOR SALE BY OWNER
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1050 21st St, Des Moines, IA 50311
1050 21st St, Des Moines, IA 50311
$625,000
$211/sq ft
1.0 Bath
2,965 Sq Ft
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About This Property
Property for Sale: Turn-Key Airbnb with High Earnings Near Downtown Des Moines. This multifamily property, just minutes from Downtown, has generated over $110,000 annually in the past few years, providing a a great investment opportunity. It includes three updated units: a spacious 4-bedroom penthouse, a comfortable 3-bedroom, and a charming 2-bedroom. Each unit has its own kitchens, bathroom(s), granite countertops, and stainless steel appliances, along with a new roof, updated electrical systems, mini-split systems, 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 $30,000 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 which has heating cooling and electric. That can be rented, or it can be used by the owner. This is a rare chance to acquire a remodeled, high-performing Airbnb that offers immediate returns and long-term value. Several years of financials are available. The seller can offer short-term rental management during the transition if needed. Don’t miss this opportunity!
Airbnb, Vrbo, booking and property management accounts can be included in the same of the property ensuring immediate income opportunity on the day of closing.
Property Type
Multi Family
Year Built
1895
Lot Size
0.33 Acres
Heating
Forced air; Gas
Features & Amenities
Interior Features
- Asphalt
- Forced air
- Garage - Attached
- Gas
- Unfinished
- Vinyl
Property Owner
PO
Property Owner
Property Owner
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Mortgage Calculator
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Estimated Monthly Payment
$4,052
Payment Breakdown
Principal & Interest
$3,327
Property Tax
$625
Home Insurance
$100
HOA Fees
$0
Loan Amount
$500,000
Total Interest Paid
$697,544
Total Cost
$1,197,544