$1,050,000
$1,190,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
16 Beds
8 Baths
7,436 SqFt
SOLD DATE : 12/23/2024
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,436 sqft
Price per Sqft $141
MLS Listing ID 704069
Sold Date 12/23/24
Style Two Story
Bedrooms 16
Full Baths 8
HOA Y/N No
Year Built 1975
Annual Tax Amount $6,982
Tax Year 2024
Lot Size 0.334 Acres
Acres 0.3343
Property Description
The Cardinal View apartment building offers a lucrative 8-unit investment opportunity, strategically located within walking distance of Iowa State University's Hilton Coliseum, Jack Trice Stadium, and the upcoming CyTown development. This prime location ensures a consistent rental demand from students, sports fans, and professionals alike.
The building comprises fully rented 2-bedroom, 1-bath units, providing a stable income stream for investors. Recent significant improvements enhance the building's value and long-term appeal. With a strong rental history and proximity to key landmarks, Cardinal View presents a compelling opportunity for investors seeking steady cash flow and long-term appreciation.
Location
State IA
County Story
Area Ames
Zoning RH
Interior
Heating Electric, Forced Air
Cooling Central Air
Furnishings Unfurnished
Fireplace No
Exterior
Utilities Available Electricity Available, Water Available
Roof Type Asphalt,Shingle
Private Pool No
Building
Lot Description Rectangular Lot
Entry Level Two
Foundation See Remarks, Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Ames
Others
HOA Fee Include Cable TV,Maintenance Grounds,Recreation Facilities,Snow Removal
Tax ID 0910251040
Monthly Total Fees $581
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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