Linda Sornsen

Completely updated and ideally located in the heart of downtown Ames, this 3-plex investment property offers exceptional convenience and strong rental appeal. Just steps from the library, shopping, restaurants, parks, hospital, and bus stop, tenants enjoy a highly walkable lifestyle in one of Ames? most desirable areas. Extensive updates by top local contractors have been completed throughout the property, including all new electrical wiring, new lights and switches, much of the plumbing replaced, wallpaper removed, cracks fixed and drywall added, and fully updated bathrooms with new vanities and toilets, and updated kitchens. Each unit features new top-quality LVP flooring, fresh paint, new blinds, great storage, and an abundance of natural light from many newer windows. On-site laundry adds convenience for tenants. Major mechanical updates include a newer boiler (2022), providing peace of mind for years to come. All three units are fully updated, making this an easy-to-rent, low-maintenance investment in a high-demand downtown location. An added income bonus includes 18 rentable parking spaces located in the rear with alley access, currently rented at $50 per month per space. A rare opportunity to own a turnkey multi-family property with strong rental potential and additional income in the heart of downtown Ames. Has Current LOC. Once rented should get over 10% return.

Monthly payments are estimates based on current market rates for a 30-year fixed mortgage with 20% down and 5.0% interest. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.