SELLER FINANCING OR CONTRACT SALE may be available, creating a rare opportunity for buyers seeking flexible terms, lower upfront capital requirements, or an easier path to ownership. Whether you’re a first-time home buyer looking for an affordable entry point or an investor targeting a buy-and-hold rental with solid cash flow and appreciation potential, this property checks the boxes for location, simplicity, and financial performance.
Well-located 2-bedroom, 1-bath ranch offering 688 square feet of efficient single-level living on a .143-acre lot, just south of the new MLK Jr. Parkway with an easy 9-minute commute to downtown Des Moines per Google Maps. This no-basement home (crawl space or slab) provides a simple, low-maintenance footprint ideal for both owner-occupants and investors.
Currently tenant-occupied at $1,024 per month, the property delivers immediate rental income with strong rent-to-price fundamentals and long-term upside tied to continued development along the MLK Jr. Parkway corridor. The ranch layout supports broad tenant and buyer appeal, while the lot size offers outdoor space without excessive upkeep.
Legal: LOT 11 BLK 7 CHESTERFIELD
733326
$124,000
Sale
Residential
Bungalow
Residential
2544 Vale Street
Des Moines
Polk
IA
50317
2
688
1
1
CrawlSpace
688
6240
Des Moines East
2004
1955
Des Moines Independent
Bungalow
ForcedAir, Gas, NaturalGas
Public
PublicSewer
CentralAir
No
VinylSiding
Weichert, Realtors - The 515 Agency, Les Reu (515.423.3410) & Weichert, Realtors - The 515 Agency, Peter Jaques (515.240.7383)
Listed by : LPT REALTY, LLC, ASHLEY REBIK (641.521.8424)
Listed by : IOWA REALTY MILLS CROSSING, RANDY KRAMER (515.240.8418)
Listed by : RE/MAX REVOLUTION, SARA NIELSEN (515.423.8930)
Listed by : LPT REALTY, LLC, JENNIFER AGUIRRE (515.779.9047)
Listed by : RE/MAX PRECISION, TAYLOR OLSON (515.313.8603) & RE/MAX PRECISION, EMINA PAJAZETOVIC (515.867.1949)
Listed by : KELLER WILLIAMS REALTY GDM, KARLA ALANIZ (515.897.9027) & KELLER WILLIAMS REALTY GDM, JORGE IBARRA (515.497.8133)