Property Description
Outstanding income-producing triplex built in 1995 offering three large 4-bedroom, 2 full bathroom units. Each unit features its own washer and dryer, private garage, and spacious floor plan designed for strong tenant appeal and long-term occupancy. Market rents are projected at $1,470 per month per unit, creating excellent income potential for investors. The property has been well maintained and includes a newer roof installed in 2019. The Landlord provides lawn care, snow removal, and trash service; all other utilities are the responsibility of the tenants. Large bedroom counts, desirable tenant amenities, and solid rental income make this a rare multifamily opportunity with strong cash flow potential and long-term investment value.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Garage: 4
Heating: Forced Air, Natural Gas
Lot Size: 0.23 Acres
Taxes: $5,126
Year Built: 1995
Feature Descriptions
Days on Site: 14
Exterior: Vinyl Siding
Flooring: Vinyl, Carpet
Foundation Details: Poured
Garage Y/N: Yes
Heating Y/N: Yes
Parcel #: 05-31-475-150
Sewer: Public Sewer
Units: 3
Water: Public
Zoning: RH
Local Schools
School District: Ames
Listed By / Shown By
Listed By
Agency Name: Keller Williams Ames
Agency Phone: 515-233-9100
Shown By
Agent Name: Patrick Weigel
Agent Phone: (515) 231-7910
Agency Title: Hunziker & Associates, REALTORS
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Estimated Payment
$ 3,368.68 per month $2,781.10 Principal & Interest $427.17 Property Tax $160.42 Homeowner's InsuranceChange Payment Information
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1407 Georgia Avenue | MLS# 70227
This multi-family property located at 1407 Georgia Avenue, Ames, IA 50014 is currently listed for sale with an asking price of $550,000. Georgia Avenue is located within the Ames school district. Search Ames real estate on patrick.hunzikerrealty.com today.