Property at 723 Oak Park Ave.
723 Oak Park Ave.
Des Moines, IA 50313
108-1094682
$134,900.00
4
2
Dont miss this one: This two-story (plus a finished attic) Oak Park duplex that could easily be convertedback into a single-family home!Each unit is 2 bedrooms. The upstairs unit was recently renovated, new water heater downstairs. Separate gas/electric meters. Owner pays water/trash.Both units are currently occupied. Owner has current rental certificates good through 2007.This home is priced right so it would be excellent for a family who wants to live with a very low monthly house payment. (Roughly $130 per month if you rent the other unit.) Live in one unit and let the other one pay most of the mortgage!Also note: This home is in an area and is eligible for a $10,000 forgivable loan to make home improvements as long as it's owner occupied.OR: There's a $20,000 forgivable loan if the home is converted back into a single-family dwelling and is owner occupied.Conversion back to a single-family home could be done relatively easily with only light remodeling. (For more information about the forgivable loans go to: www.neighborhoodfinance.org)This 1893 home has a lotof character, particularly the outside detail work. It is less than a block away from a park and a major bus line. 24-hour notice to tenants before showing is required.
