4702 MERCED ST Des Moines IA 50310

CBRE, Inc. & ReMax Hilltop are pleased to offer for sale a Duplex investment opportunity in Des Moines, Iowa. The property is located less than two blocks from Hoover High School, less than 15 minutes from downtown Des Moines, and are located in the coveted Johnston School District.

The duplex has stable 100% occupancy rate, and offers an investor the rare opportunity to acquire a turn-key Duplex in a premier submarket of Des Moines, with upside of rent growth and appreciation in value. This property features a brick exterior, ranch-style side by side construction, unfinished basement for additional storage and possible finish, nicely manicured lawn & landscape, all conveniently located for renters.

Most finishes and major mechanicals have been upgraded over the years, but opportunity still exists to upgrade the finishes and finish the basements, offering potential investors the opportunity to complete value-add updates. The roof, soffit, gutters, and accent vinyl siding has been replaced recently.

This duplex has excellent accessibility to all major thoroughfares of Des Moines. The portfolio is located in an established tree-lined residential neighborhood that is close to schools, Des Moines business districts, shopping, dining, entertainment, and just a short drive from neighboring suburbs of Johnston, Urbandale & Grimes.

• Meticulously maintained property in excellent turn-key condition

• Well-vetted tenants with tenure at the property

• Value-Add Opportunity (Organic rent increases, upgrading to modern finishes, creating or enhancing a basement bedroom, increase rental income through charging fees, etc.!)

• 3-year rental certificate

• Located in the heart of the Des Moines Metro

• At least $150 under market rents

• Population 791,706

For more information and to access our confidential offering memorandum, visit:

https://www.cbredealflow.com/handler/modern.aspx?pv=M8Mk7Sqn075P4ip-ZZcd4bkcY2ohKzDLIls-ArL3T9lJlHVNnxn5iY-F-bA-oahFnNeEkzgOOtFSNA9ElN-bSA