4131 55th Street

For Sale

4131 55th Street, Des Moines, IA 50310

This Des Moines property for sale is located at 4131 55th Street. The current listed sale price for 4131 55th Street is $255,000. 4131 55th Street is situated on a lot that is 0.19 acre in size.

Contacts

broker

Chase Keller, CCIM

Better Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 2,643 SF
  • Units 2
  • Lot Size 0.19 Acre
  • Additional Rent Contact for pricing
  • Year Built 1947
  • Year Renovated 2007
  • Date Updated Nov 11, 2024
Nestled perfectly between Beaverdale and Urbandale, this neighborhood stands as an excellent choice for long-term rentals. Its central location in the metropolitan area ensures convenient access to all corners of the city with ease, as it is less than 3 miles away from the interstates and just a quick 10-minute drive from Downtown. Within a few blocks, you’ll find popular establishments like Starbucks, Target, Chick Fil A, and Merle Hay Mall, making daily errands a breeze. Des Moines boasts a highly stable real estate market, distinguishing itself from many other regions. Its low unemployment rate, flourishing job opportunities, and population growth make it an enticing destination for long-term investment. Iowa’s favorable landlord protections and business-friendly environment further enhance its appeal to investors. The vibrant gem in the heart of the prairie take its name from the meandering river that flows through it. As the capital of Iowa and the county seat of Polk County, Des Moines offers a rich array of activities and attractions. From historical concerts at Salisbury House to the art collections at De3s Moines Art Center and the abundance of hiking and biking trails stretching 81 miles, the city caters to diverse interests. Not to forget the beautiful Greater Des Moines Botanical Gardens, which adds to the city’s allure. Home to prestigious companies like John Deere, Pioneer, Corteva, Meredith Corporation, Wells Fargo, Voya Financial, and Principal Financial Group, Des Moines ranks among the nation’s most affluent cities. The Greater Des Moines area enjoys a vibrant atmosphere with continuous growth and momentum. Impressive metrics such as gross domestic product growth, population expansion, and employment opportunities solidify DSM’s position as one of the strongest metros in the Midwest. Over the years, the region has garnered numerous accolades, including being recognized as one of the top 10 cities to live in and work in, one of the best cities for job opportunities, and a top destination for economic development projects. DSM owes these achievements to its exceptional workforce, top-tier education system, and robust business economy.This Unique Duplex sits in a quiet and desirable residential neighborhood in NW Des Moines. Just blocks away from Merle Hay Mall, this property is close to shopping, restaurants, entertainment. And being right in the center of the metro, it's a breeze for tenants getting around town. Unit A is a 2 Bed, 1 Bath, currently rented at $1,000 with potential of $1,100. Lease expires end of Spring of '25. Unit B is a very large 4 Bed, 2 Bath unit with a 2 car attached garage. Newly leased at $1700. Tenants pay for all utilities and take care of the lawn care and snow removal, making this a very easy and profitable property. Property Management is in place for an easy transition, bring in your own management or manage yourself. Seller just spent close to $15,000 into the roof.

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Highlights

  • Unique Duplex Opportunity
  • $255,000
  • NOI: $20,828
  • Caprate: 8.17%
  • CoC Return: 8.9%
  • Tenants pay all utilities and take care of lawn care and snow removal
  • Fully occupied and managed!

Attachments

Getting around

  • 64/100

    Walk Score ®

  • 36/100

    Transit Score ®

  • 46/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Des Moines, IA
  • Neighborhood Merle Hay
  • Zip Code 50310
  • Market Des Moines

Points of Interest

  • Casey's General Store

    0.20 miles

  • QuikTrip

    0.64 miles

  • BP

    0.95 miles

  • Kum & Go

    1.05 miles

  • Git N Go

    1.05 miles

  • Hy-Vee Gas

    1.28 miles

  • Tesla Supercharger

    3.91 miles

  • ChargePoint Charging Station

    4.73 miles

  • Ashworth Plaza

    6.12 miles

  • Greenlots

    9.50 miles

  • Trestle to Trestle Trail Parking

    1.28 miles

  • Windsor Place Parking

    2.59 miles

  • Lot 29

    2.84 miles

  • Lot 33

    2.85 miles

  • Lot 18

    2.89 miles

  • Lot 22

    2.89 miles

  • Lot 27

    2.93 miles

  • Lot 17

    2.94 miles

  • Lot 25

    2.96 miles

  • Lot 26

    2.97 miles

  • American Inn & Suites

    0.49 miles

  • Econo Lodge Inn & Suites Des Moines

    0.78 miles

  • Days Inn Des Moines Merle Hay

    0.88 miles

  • Super 8 Urbandale/Des Moines Area

    0.91 miles

  • Holiday Inn Hotel & Suites Des Moines - Northwest

    0.95 miles

  • Quality Inn & Suites

    1.04 miles

  • Ramada Tropics Resort & Conference Center

    1.06 miles

  • AmericInn Hotel & Suites Johnston

    1.30 miles

  • Royal Motel

    1.40 miles

  • Hickman Motor Lodge

    1.66 miles

  • Price Chopper

    0.16 miles

  • Burlington

    0.35 miles

  • Haymarket Mall

    0.35 miles

  • Big Lots

    0.35 miles

  • Kohl's

    0.42 miles

  • Ross

    0.43 miles

  • Merle Hay Mall

    0.50 miles

  • Target

    0.53 miles

  • Fareway Meat Market

    1.51 miles

  • Hy-Vee

    2.04 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Chase Keller, CCIM

Better Commercial