$180,000
$200,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
4,737 SqFt
SOLD DATE : 10/20/2023
Key Details
Sold Price $180,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 4,737 sqft
Price per Sqft $37
MLS Listing ID 681708
Sold Date 10/20/23
Style Two Story
HOA Y/N No
Year Built 1914
Annual Tax Amount $6,974
Lot Size 7,492 Sqft
Acres 0.172
Property Sub-Type Residential
Property Description
Great investor opportunity! This historic Sherman Hill property was built as a 3-plex in the early 1900s. Each floor had a 1,400 sf, two bedroom apartment with a formal dining room, large living room and sunroom. Some original tile and hardwood flooring remain in the building and could be restored. The original fire boxes and chimney remain in the building. The main building has a newer roof and the interior of the building is mostly demolished and is ready to be restored. The back addition has some fire damage and needs repair. The property is eligible for state historic tax credits up to 45%. Contact your realtor to ask about historic tax credit details. The property will also qualify for 10 year tax abatement on all improvements. This building has tons of potential and is in a great location. Convenient to downtown, parks, Ingersoll, Gateway, restaurants, breweries, and Hoyt Sherman Place. Contact a realtor and set a time to stop by and check this opportunity out!
Location
State IA
County Polk
Area Downtown
Zoning NX2A
Interior
Fireplace No
Exterior
Roof Type Asphalt,Shingle
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Des Moines Independent
Others
Tax ID 03000436000000
Monthly Total Fees $581
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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