🏡 Recently Vacated Rental | 76k+ Spread | Good Area Des Moines ✨🌄💰

Polk County, Des Moines, IA, 50310
Sold
Listed at: July 2nd, 2024
Price
$118,000
ARV
$195,000
Gross Margin
$77,000
Sq. Footage
788
Type
Single-Family
Parking
Detached Garage
Year build
1939
Lot size
0.18 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

Address: 2400 Prospect Rd, Des Moines, IA 50310

3-bedroom / 2 bath Single Family Home 

Property is Vacant! Contact the Dispo Manager for access. 

Deal Takeaways:

  • Good condition, seller has current rental certificate from the city
  • Roof 12 years, HVAC- 4 years old

Comps

  • 2323 Prospect Rd, Des Moines, IA 50310 - sold for $180k (best comp, couple houses down)
  • 2626 Arnold Rd, Des Moines, IA 50310 - sold for $263k 
  • 2701 Arnold Rd, Des Moines, IA 50310 - sold for $209k
  • 2701 Arnold Rd, Des Moines, IA 50310 - sold for $190k
  • 3116 26th Pl, Des Moines, IA 50310 - sold for 223k

Financials:

ARV: $195,000

Purchase Price: $118,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $195,000

(*) 94% for sale commissions

(-) $124,000 purchase price

(-) $10,000 estimated make ready costs

(-) $5,000 esti. closing / holding cost

(=) $44,300 profit

Property Details:

788 Home Square Feet 

7,664 SQFT Lot Size

Closing on or before July 18th, 2024

Padua Partners Acquisitions assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $5,000 Non-Refundable EMD needed to secure the contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Samuel Wooten

No reviews

Disposition manager