NOT LISTED FOR SALE

908 Douglas Ave Ames, IA 50010

Historic Old Town Neighborhood
-- Bed
-- Bath
12,544 Sq Ft
0.6 Acres

Last Sold November 27, 2019

Last sale price $975,000 $78 Per Sq Ft

28 Days on Market

Highlights

  • 0.6 Acre Lot
  • Fenced Yard
  • Property near a hospital
  • Ames High School Rated A-
  • 5 Car Detached Garage
  • 1-minute walk to Old Towne Park

About This Home

As of November 2019

Unique Investment Opportunity awaits you in Downtown Ames. 12 plex with a solid history of occupancy.location walk-able to Mary Greeley Hospital, Downtown Ames, 1 block from Cy-ride, Public Library and Bandshell Park. Walk Score of 75, these units appeal across demographics. 6.25% cap rate, (20-25% DP, 4,0% rate or better) 10 car garage Improvements: white vinyl fencing, new garage roof, WIFI installed for building, many new carpets, lighing, exterior doors, many new appliances, New central hot water heater

Last Agent to Sell the Property

Nancy Marion

RE/MAX Concepts-Ames License #B36396 Listed on: 09/18/2019

RE/MAX Concepts-Ames

Last Buyer's Agent

Nancy Marion

RE/MAX Concepts-Ames License #B36396 Listed on: 09/18/2019

RE/MAX Concepts-Ames

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,778

Year Built

  • Built in 1994

Lot Details

  • 0.6 Acre Lot
  • Fenced Yard

Parking

  • 5 Car Detached Garage

Home Design

  • Slab Foundation
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 12,544 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Location

  • Property near a hospital

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Community Details

Overview

  • 12 Units
  • Ranges, Refrigerators, Dishwashers, Washers/Dryers Association

Building Details

  • Operating Expense $54,158
  • Gross Income $126,086
  • Net Operating Income $71,927

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,778

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Sub Type: See Remarks
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.6
  • Lot Size: .
  • Architectural Style: 2 Story
  • Garage Yn: Yes
  • Year Built: 1994
  • Foundation:Poured: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Cooling:Central Air: Yes
  • Water Heater:Gas: Yes
  • Floor:Carpet: Yes
  • Floor:Vinyl2: Yes
  • Exterior:Vinyl: Yes
  • Keywords:Architectural Style2: 2 Story
  • Foundation:Slab: Yes
  • Features:Hospital: Yes
  • Annual Expenses: 54158.0
  • Income Expenses Net Income: 71927.0
  • Features:Fenced Yard: Yes
  • Special Features: None

Interior Features

  • Has Basement: None
  • Flooring: Vinyl, Carpet
  • Basement:None3: Yes

Exterior Features

  • Construction Type: Vinyl
  • Foundation Details: Poured, Slab

Garage/Parking

  • Keywords:Garage Capacity3: 5 Car
  • Keywords:Garage Type3: Detached
  • Keywords:Parking Spaces2: 11 - 20 Spaces
  • Garage Type:Additional Rent: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Hot Water, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association Name: ranges, refrigerators, dishwashers, washers/dryers

Schools

  • Junior High Dist: Ames

Lot Info

  • Lot Size Sq Ft: 26321.0
  • Parcel #: multiple
  • Zoning: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Landlord

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 126086.0
  • Property Net Operating Income: 71927.0
  • Annual Operating Expense: 54158.0

Tax Info

  • Tax Annual Amount: 20778.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2019 11/27/19 Sold $975,000 -15.2% $78 / Sq Ft
10/17/2019 10/17/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $1,150,000 -- $92 / Sq Ft
Source: Central Iowa Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nancy Marion

    Seller's Agent in 2019

    Nancy Marion

    RE/MAX

    (515) 291-6359

    1 in this area

    148 Total Sales

    Nancy Marion
    Section Image
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Map

Source: Central Iowa Board of REALTORS®

MLS Number: 53046

Iowa Story County Ames 50010 Historic Old Town

908 Douglas Ave, Ames, IA

This home is located at 908 Douglas Ave, Ames, IA 50010 since 18 September 2019. This property was built in 1994. 908 Douglas Ave is a home located in Story County with nearby schools including Meeker Elementary School, Ames Middle School, and Ames High School.

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