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Traci Jennings

[email protected] +1(515) 291-8720

$ 325,000

Est. payment -/mo

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Pending

615 Ken Maril Road #617 Ames, IA 50010

4 Beds

2 Baths

1,009 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,009 sqft

Price per Sqft $322

MLS Listing ID 735324

Style Split-Foyer

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1979

Annual Tax Amount $3,419

Lot Size 8,751 Sqft

Acres 0.2009

Property Description

ASSUMABLE 2.875% FHA loan with approximately 25 years remaining; a RARE opportunity to secure financing far below today's market rates. For investors or house hackers, this creates the chance to step into a significantly lower monthly payment while building equity in one of Iowa's most stable rental markets near Iowa State University. Letter of Compliances already taken care of. This maintained duplex features 2 units, each offering 2 beds + 1 full bath, laundry in both units, along with a detached 2 car garage and a practical layout. Each unit has separate mechanicals + separate utility meters, allowing tenants to pay their own utilities and simplifying mgmt for the owner. The home has been updated with new LVP flooring, fresh interior paint, and improved landscaping, giving it an updated feel. The owner has also completed meaningful capital improvements, including installing a brand new city water line to the property + replacing the roof on the detached garage along w/ new high-quality gutters and gutter guards; significant upgrades already taken care of for the next owner. All appliances included + vinyl windows make this an investment ready for immediate occupancy/rental income. Whether you're looking to house hack or add a solid property to your portfolio, this duplex offers strong fundamentals, low-maintenance updates, and the rare assumable 2.875% mortgage. (to qualify for assumable mortgage you have to live in 1 side) Call agent today for your showing and more info!!

Location

State IA

County Story

Area Ames

Zoning RL

Rooms

Basement Finished

Interior

Interior Features Window Treatments

Heating Forced Air, Gas, Natural Gas

Cooling Central Air

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Microwave, Refrigerator, Stove, Washer

Laundry Upper Level

Exterior

Parking Features Detached, Garage, Two Car Garage

Garage Spaces 2.0

Garage Description 2.0

Utilities Available Electricity Available, Natural Gas Available, Water Available

Roof Type Asphalt,Shingle

Private Pool No

Building

Lot Description Rectangular Lot

Entry Level Multi/Split

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

Schools

School District Ames

Others

Tax ID 0923276330

Monthly Total Fees $284

Security Features Smoke Detector(s)

Acceptable Financing Assumable, Cash, Conventional, FHA

Listing Terms Assumable, Cash, Conventional, FHA

Listed by RE/MAX Real Estate Center

NEARBY SCHOOLS & PROPERTIES

Traci Jennings

Broker/Owner | License ID: B58326000

+1(515) 291-8720

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Des Moines, IA

Traci Jennings

615 Ken Maril Road #617 Ames, IA 50010

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

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615 Ken Maril Road #617