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$ 242,000
Est. payment /mo
Price Dropped by $10K
317 20th ST #319 Ames, IA 50010
1,740 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,740 sqft
Price per Sqft $139
MLS Listing ID 70391
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,554
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Duplex
Source Central Iowa Board of REALTORS®
Land Area 1740
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.
Location
State IA
County Story
Zoning res
Body of Water Public
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Laminate, Hardwood, Carpet
Exterior
Garage No
Building
Foundation Tile, Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Brick
Schools
School District Ames
Listed by RE/MAX REAL ESTATE CENTER
NEARBY SCHOOLS & PROPERTIES
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