3500 Grand Avenue, Ames, IA 50010

$2,999,995

Incredible investment opportunity in Ames, Iowa, a thriving college town with strong rental demand and easy accessibility to the Iowa State University campus. This property includes 43 total units across two well-maintained buildings, offering a desirable mix of 22 two-bedroom units and 21 one-bedroom units. Each unit features a full bath along with a refrigerator, stove, and dishwasher. Residents also benefit from the convenience of two washers and two dryers per building. The property has seen significant capital improvements including: New roofs and siding, HVAC systems (many replaced within the last 10 years), water heaters (5–7 years old), most decks have been replaced, and updated flooring in many units. Located in close proximity to North Grand Mall, shopping, and restaurants.

Legal: SECTION:26 TOWNSHIP:84 RANGE:24 TRACT BEG 404'S & 60.5' E NW COR SW N35.04' E528.75' SE44.4' W554.1...see agent remarks for full description