513 Garden Rd, Ames, Iowa, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$397,900

513 Garden Rd
Ames, Iowa, United States

4ba

Listed By: Realtyww Info

Listed On: 08/21/2024

Listing ID: GL11538778 View More Details

Description

This renovated duplex, located on the south side of Ames, presents an outstanding investment opportunity with a CAP rate of 6.5% and secured leases extending through July 2025. The exterior was just refreshed with new vinyl siding. Each unit offers 3 bedrooms and 2 bathrooms, featuring recent upgrades such as flooring, paint, appliances, countertops, hardware, and fixtures. The main floor of each unit includes a living room, an eat-in kitchen, two bedrooms, and a full bathroom. The walkout lower level expands the living space with a third bedroom, a bathroom, a laundry room, and a family room, with access to two patios nestled under mature trees. Additional conveniences include an attached two-car garage (one per unit) and off-street parking. Situated in a desirable neighborhood close to Mitchell Elementary, this property boasts a strong rental history and quick occupancy, ensuring consistent rental income.

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Listed by: David Charlson