Ames IA Multi Family for Sale

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Type:
Cluster
Sq.Ft.:
7,436
Status:
Active
Beds:
16
Lot size:
0.33 Acres
Year built:
1975
Baths:
8.00
MLS#:
704069

ADDITIONAL INFORMATION

The Cardinal View apartment building offers a lucrative 8-unit investment opportunity, strategically located within walking distance of Iowa State University’s Hilton Coliseum, Jack Trice Stadium, and the upcoming CyTown development. This prime location ensures a consistent rental demand from students, sports fans, and professionals alike. The building comprises fully rented 2-bedroom, 1-bath units, providing a stable income stream for investors. Recent significant improvements enhance the building’s value and long-term appeal. With a strong rental history and proximity to key landmarks, Cardinal View presents a compelling opportunity for investors seeking steady cash flow and long-term appreciation.

Type:
Cluster
Sq.Ft.:
1,728
Status:
Active
Beds:
6
Lot size:
0.29 Acres
Year built:
1976
Baths:
4.00
MLS#:
700893

ADDITIONAL INFORMATION

This renovated duplex, located on the south side of Ames, presents an outstanding investment opportunity with secured leases extending through July 2025. The exterior was just refreshed with new vinyl siding. Each unit offers 3 bedrooms and 2 bathrooms, featuring recent upgrades such as flooring, paint, appliances, countertops, hardware, and fixtures. The main floor of each unit includes a living room, an eat-in kitchen, two bedrooms, and a full bathroom. The walkout lower level expands the living space with a third bedroom, a ¾ bathroom, a laundry room, and a family room, with access to two patios nestled under mature trees. Additional conveniences include an attached two-car garage (one per unit) and off-street parking. Situated in a desirable neighborhood close to Mitchell Elementary, this property boasts a strong rental history and quick occupancy, ensuring consistent rental income.

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Albert Wright Page, License B62241000, Xome Inc., License FO5635000, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


This information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2024 Des Moines Area Association of Realtors. All rights reserved.



Ames Real Estate

The median home value in Ames, IA is $239,100. This is lower than the county median home value of $239,700. The national median home value is $338,100. The average price of homes sold in Ames, IA is $239,100. Approximately 38.88% of Ames homes are owned, compared to 52.78% rented, while 8.34% are vacant. Ames real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ames real estate agent to arrange a tour today!

Ames, Iowa 50010 has a population of 65,522. Ames 50010 is less family-centric than the surrounding county with 32.93% of the households containing married families with children. The county average for households married with children is 33.61%.

The median household income in Ames, Iowa 50010 is $54,339. The median household income for the surrounding county is $62,578 compared to the national median of $69,021. The median age of people living in Ames 50010 is 23.4 years.

Ames Weather

The average high temperature in July is 84.1 degrees, with an average low temperature in January of 10.7 degrees. The average rainfall is approximately 35.7 inches per year, with 29.6 inches of snow per year.

Ames Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    34
    30-day change

Ames Schools and Demographics

Education near Ames, IA

Metric City County
High School Graduates 97.03 96.85
College Degree - 2 year 7.66 11.1
College Degree - 4 year 61.36 51.08
Graduate Degree 17.19 12.89
Expenditures per Student 16,979 16,979
Students per Teacher 14.7 14.7

Elementary Schools near Ames, IA

School Grades Students P/T Ratio ZIP
Central Elementary School PK - 04 732 14.1 50201
Edwards Elementary School KG - 05 384 13.4 50014
Fellows Elementary School KG - 05 463 14.4 50010
Gilbert Elementary School PK - 02 361 14.2 50105
Gilbert Intermediate School 03 - 05 329 15 50105
Meeker Elementary School KG - 05 444 14.3 50010
Mitchell Elementary School KG - 05 286 13.8 50010
Northwood Pre-School PK - KG 292 26.6 50010
Sawyer Elementary School KG - 05 349 12 50010

Middle Schools near Ames, IA

School Grades Students P/T Ratio ZIP
Ames Middle School 06 - 08 944 14.1 50014
Ballard Community Middle School 06 - 08 403 13.8 50124
Gilbert Middle School 06 - 08 331 15.4 50105
Nevada Middle School 05 - 08 460 15.1 50201

High Schools near Ames, IA

School Grades Students P/T Ratio ZIP
Ames High School 09 - 12 1,271 16.2 50010
Ballard Community Senior High School 09 - 12 536 19 50124
Gilbert High School 09 - 12 423 13.4 50105
Nevada High School 09 - 12 448 15.6 50201

Demographics near Ames, IA 50010

Metric Zip Code City
Neighborhood Type Suburban
Population 65,522 98,106
Population Density 2,387 171
Median Age 23.4 26.9
People per Household 2.2 2.3
Median Household Income 54,339 62,578
Average Income per Capita 29,347 33,211