317 20th St 319, Ames, IA 50010

Beds
3
Baths
2
Sqft
1,740

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Listed byRe/Max Real Estate Center
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Overview

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

Full feature list

Basic info

Property type
Other residential
Number of stories
1.5
Number of bedrooms
3
Number of bathrooms
2
Square feet
1,740
Lot size (acres)
0.23
Year built
1900

Interior features

Basement
Yes, Finished

Exterior features

Horse amenities
Stable

Utilities

Heating
Natural Gas, Forced Air
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount
$2,554.46

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Des Moines Area Association of REALTORS® MLS MLS®#: 742047 Last checked:

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