$143,750
3 bed, 2 bath · 1152 sqft · BUILT 1980
REFERRAL PROGRAM
Refer someone to Turnkey Iowa. If this leads to a sale, you receive $500 for the first property. Any subsequent properties, you receive $250.
This is a bi-attached property, (similar to a duplex) built in 1980. Due to its age, it was an easier and quicker renovation than our typical projects. We were able to increase the usable square footage by adding an egress window in the basement. This room can now legally be used as a bedroom, or an additional living space.
The garage roof and siding have been replaced, and the front and back decks are solid and relatively new. There is a small fenced-in backyard in the rear of the home. This property is located in a desirable 3 star neighborhood, located on the East side of Des Moines, close to Altoona. Take a look at the last several pictures to get a feel for the surrounding homes.
Monthly rent: $1295. Please note, the actual rent collected/month is $1345 due to the pet-related fee. This fee has not been factored into the projected financials.
Below is a list of the major renovation items:
Egress window added to basement
New garage roof
Vinyl siding on garage
New hot water heater
Kitchen countertops
Downstairs bathroom vanity top, sink, and fixtures
Replaced all flooring with vinyl plank, except bathroom tile
New carpet to both staircases
All new appliances (fridge is now there)
Added mini blinds, lighting, updated switches and fixtures
Paint throughout
As with all of our Turnkey properties, we have eliminated much of the deferred maintenance, leaving a high projected monthly cash flow.