Description
Amazing transformation from a 7-apartment building to now 8 apartments increasing the potential for your investment. This is being offered at $50K per apartment and is comprised of 6 one bedroom/ 1 bath apartments and 2 two bedroom / 1 bath apartments. This cash-flowing asset features newly updated roof in 2021, new plumbing in 2022, all new interior paint, LVP flooring, and new tenants. New gutters are being added currently. Renovations are continuing to make ready for new tenants. Each unit has its own gas and electric meters that are paid by the residents. The landlords pay for water and garbage. There are opportunities to install washers and dryers for extra profits. Residents enjoy the nearby proximity to the high school, downtown and the city of Ames. This is a must see. Pro Forma gross rents are $4,800 a month.
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10BEDS
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0.12ACRES
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2BATHS
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01/2 BATHS
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5,661SQFT
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$67$/SQFT
Description
Amazing transformation from a 7-apartment building to now 8 apartments increasing the potential for your investment. This is being offered at $50K per apartment and is comprised of 6 one bedroom/ 1 bath apartments and 2 two bedroom / 1 bath apartments. This cash-flowing asset features newly updated roof in 2021, new plumbing in 2022, all new interior paint, LVP flooring, and new tenants. New gutters are being added currently. Renovations are continuing to make ready for new tenants. Each unit has its own gas and electric meters that are paid by the residents. The landlords pay for water and garbage. There are opportunities to install washers and dryers for extra profits. Residents enjoy the nearby proximity to the high school, downtown and the city of Ames. This is a must see. Pro Forma gross rents are $4,800 a month.