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$ 289,900
Est. payment /mo
Price Dropped by $23K
611 Kellogg Avenue Ames, IA 50010
2,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $103
MLS Listing ID 69312
Year Built 1920
Annual Tax Amount $4,560
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Triplex
Source Central Iowa Board of REALTORS®
Land Area 2800
Property Description
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.
Location
State IA
County Story
Zoning NC
Body of Water Public
Rooms
Basement Full
Interior
Heating Hot Water, Natural Gas
Cooling Wall Unit(s)
Flooring Vinyl
Exterior
Garage Yes
Building
Foundation Block, Stone
Sewer Public Sewer
Water Public
Structure Type Steel Siding
Schools
School District Ames
Listed by CENTURY 21 SIGNATURE-Ames
NEARBY SCHOOLS & PROPERTIES
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