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 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.

This is an Active listing.

Broker Office Phone Number: 515-729-0560

Copyright © 2024Des Moines Area Association of REALTORS®, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.