Property Description

Completely updated and ideally located in the heart of downtown Ames, this 3-plex investment property with 18 rentable parking spots 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, newer windows, new front steps and new exterior paint, much of the plumbing replaced, wallpaper removed, cracks fixed and drywall added, 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.

Property Features

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