Address: 3823 Bowdoin St, Des Moines, IA, 50313

SFh - 2 bedrooms / 1 bathroom   

Property is Occupied. Contact the Dispo Manager for access. Closing Vacant.

Deal Takeaways:

• Property Address: 3823 Bowdoin St, Des Moines, IA, 50313
• 2 bedrooms, 1 bathroom, 720 sqft
• Property is currently rented on a month-to-month lease at $795/month (lease expires in December)
• Roof: 10 years old
• Sewer line replaced 10 years ago
• New electric service installed 5 years ago
• Newer furnace and water heater
• House sits on a concrete slab
• No central AC
• Needs flooring updates throughout (including bath)
• Newer kitchen countertops
• House needs some TLC inside

Comps (2 bed /1 bath/ <1000sqft):

• 3836 N Union St, Des Moines, IA 50316 - sold for $179,000
• 3803 Columbia St, Des Moines, IA 50313 - sold for $150,000
• 3801 E 8th St, Des Moines, IA 50316 - sold for $195,000
• 3638 E 8th St, Des Moines, IA 50316 - sold for $162,000
• 3921 Cambridge St, Des Moines, IA 50313 - sold for $172,000
• 3932 Oxford St, Des Moines, IA 50313 - sold for $172,000
• 4012 Cornell St, Des Moines, IA 50313 - sold for $175,000
• 4017 1st St, Des Moines, IA 50313 - sold for $190,000

Financials:

ARV: $170,000

Purchase Price: $92,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $170,000

(*) 94% for sale commissions

(-) $92,000 purchase price

(-) $30,000 estimated flip/rehab costs

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

(=) $32,800 profit

Property Details:

720 Home Square Feet

Closing on or before 01/07/25

CALL SAM TODAY AT 210-361-4947!