Ames investment opportunity with strong rental history and leases already secured through July 2027. This historic brick duplex offers immediate cash flow with future rental increases already in place, making it an attractive addition to an investment portfolio. The property consists of two units, including a main level 2 bedroom, 1 bathroom unit currently rented for $850/month and renewing at $900/month next lease term, along with an upper-level 1 bedroom, 1 bathroom unit currently rented for $600/month. Both units feature hardwood flooring, appliances included, and functional layouts full of original character and charm. Additional features include a full basement with laundry hookups, newer driveway aiding in plenty of off-street parking, private yard space, and a unique brick exterior that gives the property standout character. Current gross rental income totals $1,450/month with upside potential already built in. Whether you are looking to expand your portfolio or add a stable income-producing property with long-term value, this duplex is worth a look. Property sold AS IS.
Welcome to Fountianview , a well-maintained multifamily property in West Ames offering comfortable units in an attractive locale. Built in 2005, the offering includes includes 2 - 18 unit buildings with unit sizes ranging from approximately 875 to 1,125 square feet. Units include 2- and 3-bedroom floorplans, each with 2 full bathrooms. The community is situated in a convenient location, directly across from a CyRide stop, which provides easy access to transit. Units are well-equipped and include in-unit laundry. Units have been updated with LVT flooring. Additional community benefits include a fitness center membership for residents, free parking, and optional garages available for rent. 1209 Mayfield Drive 18 units, 12 -2 BR, 6 -3BR 3 story, 6 units per floor 14 garages 1210 Walton Drive 18 units, 12 -2 BR, 6 -3BR 3 story, 6 units per floor 16 garages All units have Refrigerator, Stove, Dishwasher, Microwave, Washer/Dryer 2 BR range from 875 sf - 933 sf 3 BR -1125 sf New Roofs 2025 This is a package sale, both buildings, 1209 Mayfield and 1210 Walton must be purchased together. Total asking price is $4,700,000.
Welcome to Fountianview , a well-maintained multifamily property in West Ames offering comfortable units in an attractive locale. Built in 2005, the offering includes includes 2 - 18 unit buildings with unit sizes ranging from approximately 875 to 1,125 square feet. Units include 2- and 3-bedroom floorplans, each with 2 full bathrooms. The community is situated in a convenient location, directly across from a CyRide stop, which provides easy access to transit. Units are well-equipped and include in-unit laundry. Units have been updated with LVT flooring. Additional community benefits include a fitness center membership for residents, free parking, and optional garages available for rent. 1209 Mayfield Drive 18 units, 12 -2 BR, 6 -3BR 3 story, 6 units per floor 14 garages 1210 Walton Drive 18 units, 12 -2 BR, 6 -3BR 3 story, 6 units per floor 16 garages All units have Refrigerator, Stove, Dishwasher, Microwave, Washer/Dryer 2 BR range from 875 sf - 933 sf 3 BR -1125 sf New Roofs 2025 This is a package sale, both buildings, 1209 Mayfield and 1210 Walton must be purchased together. Total asking price is $4,700,000.
Excellent investment opportunity just one block west of the ISU campus! This offering includes a single-family home and a 10-plex apartment building in a highly desirable location. Features include off-street parking, on-site coin-operated laundry in the 203 Campus Ave. building, and a strong rental history. Properties in this area are consistently in demand due to their proximity to campus and local amenities. Owner is a licensed real estate agent listing the property on their own behalf.
Ames is located in Iowa. Ames, Iowa has a population of 65,522. Ames is less family-centric than the surrounding county with 31.21% of the households containing married families with children. The county average for households married with children is 33.61%.
The median household income in Ames, Iowa is $54,339. The median household income for the surrounding county is $62,578 compared to the national median of $69,021. The median age of people living in Ames is 23.4 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 10.7 degrees. The average rainfall is approximately 35.7 inches per year, with 29.6 inches of snow per year.
