Jim Horstman
Your Full Time, Full Service Real Estate Advisor
REALTOR®, ABR, CRS, SRS, SRES, CNE, MCNE
(515) 720-7859
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Central Air
Heating: Forced Air, Gas, Natural Gas
Home Style: One and One Half Story
Lot Size: 0.23 Acres
Roof Type: Asphalt, Shingle
Taxes: $2,554
Year Built: 1900
Feature Descriptions
Appliances: Refrigerator, Stove
Community Features: Sidewalks
Days on Site: 6
Exterior: Brick, Vinyl Siding
Flooring: Tile
Lot: Rectangular Lot
Parcel#: 0535178090
Security: Smoke Detector(s)
Sewer: Public Sewer
Units: 2
Utilities: Electricity Available, Natural Gas Available, Water Available
Water: Public
Local Schools
School District: Ames
Listed By / Shown By
Listed By
Agency Name: RE/MAX Real Estate Center
Agency Phone: (515) 232-4663
Shown By
Agent Name: Jim Horstman
Agent Phone: (515) 720-7859
Agency Title: Hunziker & Associates, REALTORS
TOUR THIS HOME
Choose a date and time to see 317 20th Street, Unit 319, Ames, IA 50010.
An agent will get in touch to confirm your request shortly.
Estimate Your Payment
Estimated Payment
$ 212.83 per month $0.00 Principal & Interest $212.83 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
Print This Listingx
Select a format below, new window will open and will prompt you to print.
317 20th Street, Unit 319 | MLS# 742047
This multi-family property located at 317 20th Street, Unit 319, Ames, IA 50010 is currently listed for sale with an asking price of call for price. 20th Street, Unit 319 is located within the Ames school district. Search Ames real estate on www.jimsellscentraliowa.com today.