513 Garden Road Ames, IA 50010
This renovated duplex, located on the south side of Ames, presents an outstanding investment opportunity with a CAP rate of 6.5% and 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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyStory
- Taxes$3,569
- HOA/Condo/Coop Fees$0
- Days on Site40 Days
- MLS StatusActive
- MLS ID Number700893
- Home Size Source N/A
- Year Built1976
- Lot Size0.2902 Acres
- Full Baths2
- Partial Baths2
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General Features
- Style Duplex
- Construction Vinyl Siding
- Parking AttachedGarageTwo Car Garage
- Sewer Public Sewer
- Basement FinishedWalk Out Access
- Acreage 0.2902
- Water Public
- Property Sub Type Duplex
- Garage Spaces 2
- Attached Garage Yes
- Utilities Electricity AvailableNatural Gas AvailableWater Available
- Foundation Block
- Zoning RL
Interior Features
- Cooling Central Air
- Heating Forced AirGasNatural Gas
- Appliances DryerDishwasherMicrowaveRefrigeratorStoveWasher
- Flooring CarpetLaminateVinyl
- Furnished? Unfurnished
Exterior Features
- Roof AsphaltShingle
Community Features
- MLS Area Ames