NOT LISTED FOR SALE

908 Douglas Ave Ames, IA 50010

Historic Old Town Neighborhood
Studio
-- Baths
12,544 Sq Ft
0.6 Acre Lot

Sale Details

Date Sold: November 27, 2019

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

28 Days on Market

Highlights

  • 0.6 Acre Lot
  • 5 Car Detached Garage
  • Central Air
  • Fenced Yard
  • Property near a hospital
  • 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
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,778

Year Built

  • Built in 1994

Lot Details

  • 26,321 Sq Ft 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

0.6 Acres

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Historic Old Town, IA

  • Joseph Bennett Real Estate Agent - LPT Realty, LLC

    Joseph Bennett

    LPT Realty, LLC

    (515) 414-8387

    101 Total Sales

    1 in Historic Old Town

    $239,000 Price

    Joseph Bennett
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  • James Horstman Real Estate Agent - Hunziker & Associates, Inc.

    James Horstman

    Hunziker & Associates, Inc.

    (515) 305-3017

    168 Total Sales

    6 in Historic Old Town

    $160K - $233K Price Range

    James Horstman
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  • Jason Jennings Real Estate Agent - Friedrich Realty

    Jason Jennings

    Friedrich Realty

    (515) 715-4807

    136 Total Sales

    3 in Historic Old Town

    $265K - $375K Price Range

    Jason Jennings
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  • Mike Purcell Real Estate Agent - Friedrich Realty

    Mike Purcell

    Friedrich Realty

    (515) 686-6631

    80 Total Sales

    3 in Historic Old Town

    $300K - $468K Price Range

    Mike Purcell
     Section Image
  • Roger Wheeler Real Estate Agent - CENTURY 21 SIGNATURE-Ames

    Roger Wheeler

    CENTURY 21 SIGNATURE-Ames

    (515) 461-6831

    326 Total Sales

    4 in Historic Old Town

    $134K - $250K Price Range

    Roger Wheeler
     Section Image
  • Brett Mount Real Estate Agent - RE/MAX Concepts-Ames

    Brett Mount

    RE/MAX Concepts-Ames

    (515) 305-3680

    50 Total Sales

    4 in Historic Old Town

    $185K - $272K Price Range

    Brett Mount
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,620 $501,149 $312,007 $189,142
2025 $5,865 $491,324 $305,890 $185,434
2024 $5,865 $481,692 $299,893 $181,799
2023 $5,733 $472,248 $294,013 $178,235
2022 $5,579 $462,990 $288,249 $174,741
2021 $5,540 $453,913 $282,598 $171,315
2020 $5,472 $449,260 $279,701 $169,559
2019 $5,373 $440,452 $274,217 $166,235
2018 $5,022 $431,817 $268,841 $162,976
2017 $4,901 $423,351 $263,570 $159,781
2016 $4,821 $415,051 $258,402 $156,649
2015 $4,749 $408,817 $254,521 $154,296
2014 $4,690 $400,810 $249,536 $151,274
Source: Public Records

Agents Affiliated with this Home

  • Nancy Marion Real Estate Agent - RE/MAX

    Seller's Agent in 2019

    Nancy Marion

    RE/MAX

    (515) 291-6359

    1 in this area

    121 Total Sales

    Nancy Marion
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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

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