J
Seller's Agent in 2018
Jon Engelman
Friedrich Realty
Estimated Value: $185,000 - $257,000
3
Beds
12
Baths
13,000
Sq Ft
$17/Sq Ft
Est. Value
Highlights
- 1 Car Detached Garage
- Central Air
- Carpet
- Fellows Elementary School Rated A
- Hot Water Heating System
About This Home
As of August 2018This property offers a turnkey investment with a smooth transition. The building is comprised of eight 3BR/2BA units & four 2BR/2BA units. Professional property management is currently in place. Graduate students and families find this an ideal place to live, with larger pristine living spaces & easy access to campus through nearby Cy-ride bus stop. All units are rented for the '18-'19 school year. Apts. feature bright & spacious floor plans, ample storage, private patio/deck & garage space. Property is equipped w/large parking lot and laundry. This high-quality 12 plex is located 3 miles north of ISU campus in a quiet neighborhood, with North Grand Mall, Super-Walmart & restaurants all within walking distance, as well as Ada Hayden nature trails and lake.Looking for a quality long-term investment property? Take advantage of this rare opportunity--a high-quality 12-plex located just 3 miles north of ISU campus in North Ames.
Ames is a growing community, with a robust economy and an expanding Big 12 conference university. At the heart of this growth is North Ames, a desirable section of town with North Grand Mall, Super-Walmart & award-winning restaurants all right within reach, as well as the beautiful Ada Hayden nature trails.
3315 Roy Key stands in the center of this community. The building is situated in a park like lot with extra yard space and trees. It's comprised of eight 3BR/2BA units & four 2BR/2BA units. Each apartment features bright and spacious floor plans with ample storage, a private patio or deck and a garage space. The property is also equipped with a large parking lot and laundry unit. Professional property management is already in place, with the option to continue oversight with new ownership.
Graduate students find this apartment complex an ideal place to live, with larger pristine living spaces and easy access to campus through Cy-ride bus stop. All units are leased for the 2018-2019 school year. This property offers a turnkey investment with a smooth transition. Looking for a quality long-term investment property? Take advantage of this rare opportunity--a high-quality 12-plex located just 3 miles north of ISU campus in North Ames.
Ames is a growing community, with a robust economy and an expanding Big 12 conference university. At the heart of this growth is North Ames, a desirable section of town with North Grand Mall, Super-Walmart & award-winning restaurants all right within reach, as well as the beautiful Ada Hayden nature trails.
3315 Roy Key stands in the center of this community. The building is situated in a park like lot with extra yard space and trees. It's comprised of eight 3BR/2BA units & four 2BR/2BA units. Each apartment features bright and spacious floor plans with ample storage, a private patio or deck and a garage space. The property is also equipped with a large parking lot and laundry unit. Professional property management is already in place, with the option to continue oversight with new ownership.
Graduate students find this apartment complex an ideal place to live, with larger pristine living spaces and easy access to campus through Cy-ride bus stop. All units are leased for the 2018-2019 school year. This property offers a turnkey investment with a smooth transition.
Last Agent to Sell the Property
Jon Engelman
Friedrich Realty License #S640210 Listed on: 06/28/2018
Last Buyer's Agent
Jon Engelman
Friedrich Iowa Realty/Somerset
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,800
Year Built
- Built in 1997
Lot Details
- 0.78 Acre Lot
- Lot Dimensions are 199x185x167
Parking
- 1 Car Detached Garage
Home Design
- Slab Foundation
Interior Spaces
- 13,000 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Vinyl
Utilities
- Central Air
- Hot Water Heating System
- Gas Water Heater
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $73,899
- Gross Income $148,912
- Net Operating Income $75,013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 18, 2022
Sold by
Mai Tran Thuong Hoai and Mai Simon
Bought by
Key Homes Llc
Current Estimated Value
Purchase Details
Listed on
Jun 28, 2018
Closed on
Aug 31, 2018
Sold by
Harrison Road 4118 Lc
Bought by
Tran Thuong and Duong Simon
Seller's Agent
Jon Engelman
Friedrich Realty
Buyer's Agent
Jon Engelman
Friedrich Iowa Realty/Somerset
List Price
$1,200,000
Sold Price
$1,200,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-21.15%
Original Mortgage
$960,000
Interest Rate
4.52%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Key Homes Llc | $1,370,000 | None Listed On Document | |
| Tran Thuong | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tran Thuong | $960,000 | |
| Previous Owner | Tran Thuong | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2018 08/31/18 | Sold | $1,200,000 | 0.0% | $92 / Sq Ft |
| 07/19/2018 07/19/18 | Pending | -- | -- | -- |
| 06/28/2018 06/28/18 | For Sale | $1,200,000 | -- | $92 / Sq Ft |
Source: Central Iowa Board of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,776 | $128,000 | $15,000 | $113,000 |
| 2024 | $1,740 | $122,500 | $18,600 | $103,900 |
| 2023 | $2,086 | $122,500 | $18,600 | $103,900 |
| 2022 | $2,060 | $124,000 | $18,600 | $105,400 |
| 2021 | $1,966 | $124,000 | $18,600 | $105,400 |
| 2020 | $1,938 | $111,700 | $17,100 | $94,600 |
| 2019 | $1,938 | $111,700 | $17,100 | $94,600 |
| 2018 | $1,952 | $111,700 | $17,100 | $94,600 |
| 2017 | $1,952 | $111,700 | $17,100 | $94,600 |
| 2016 | $1,788 | $101,500 | $15,500 | $86,000 |
| 2015 | $1,788 | $101,500 | $15,500 | $86,000 |
| 2014 | $1,824 | $101,500 | $15,500 | $86,000 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Central Iowa Board of REALTORS®
MLS Number: 49825
APN: 05-27-430-800
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