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532 5th Street

Boone, IA 50036
  • $400,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 658202
$400,000
  • 10
    BEDS
  • 0.12
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 5,661
    SQFT
  • $71
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1920
County:
Area:

School Ratings & Info

School District:

Description

Amazing transformation from a 7-apartment building to now 8 apartments increasing the potential for your investment. This is being offered at $50K per apartment and is comprised of 6 one bedroom/ 1 bath apartments and 2 two bedroom / 1 bath apartments. This cash-flowing asset features newly updated roof in 2021, new plumbing in 2022, all new interior paint, LVP flooring, and new tenants. New gutters are being added currently. Renovations are continuing to make ready for new tenants. Each unit has its own gas and electric meters that are paid by the residents. The landlords pay for water and garbage. There are opportunities to install washers and dryers for extra profits. Residents enjoy the nearby proximity to the high school, downtown and the city of Ames. This is a must see. Pro Forma gross rents are $4,800 a month.

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© 2022 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pennie Carroll & Associates. Data last updated: 2022-10-05T00:22:01.06.
www.penniecarroll.com/homes/132065748
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532 5th Street Boone, IA 50036

  • Price: $400,000
  • Status: Active
  • On Site: 54 Days
  • MLS #: 658202
10
Beds
2
Baths
0
½ Baths
0.12
Acres
5,661
SQFT
$71
$/SQFT
1920
Built
Neighborhood:
Boone
County:
Boone
Area:
Boone
School District:
Boone
Property Description
Amazing transformation from a 7-apartment building to now 8 apartments increasing the potential for your investment. This is being offered at $50K per apartment and is comprised of 6 one bedroom/ 1 bath apartments and 2 two bedroom / 1 bath apartments. This cash-flowing asset features newly updated roof in 2021, new plumbing in 2022, all new interior paint, LVP flooring, and new tenants. New gutters are being added currently. Renovations are continuing to make ready for new tenants. Each unit has its own gas and electric meters that are paid by the residents. The landlords pay for water and garbage. There are opportunities to install washers and dryers for extra profits. Residents enjoy the nearby proximity to the high school, downtown and the city of Ames. This is a must see. Pro Forma gross rents are $4,800 a month.
Exterior Features

Construction Materials StuccoWood Siding Foundation Details BlockBrick/Mortar Road Surface Type Asphalt Roof AsphaltShingle

Interior Features

Appliances RefrigeratorStove Basement Partially Finished Below Grade Finished Area 900 Cooling Window Unit(S) Cooling YN Yes Flooring Vinyl Furnished Unfurnished Heating ElectricForced AirGasNatural Gas Heating YN Yes

Property Features

Association Fee Includes Maintenance GroundsSnow RemovalTrash Community Features Laundry Facilities Gross Income 4800 Home Warranty YN No Lease Considered YN No Listing Terms CashConventional Lot Features Rectangular Lot Lot Size Dimensions 45.00X120.00 Operating Expense 1115 Owner Pays InsuranceTaxesWater Pets Allowed Pet Restrictions Property Sub Type Apartment Property Sub Type Additional Multi Family Security Features Fire Alarm Sewer Public Sewer Structure Type ApartmentMulti Family Tax Annual Amount 3889.78 Tax Year 2023 Tenant Pays ElectricityGas Utilities Electricity AvailableNatural Gas AvailableWater Available Water Source Public Zoning Res

Listing provided courtesy of Keller Williams Realty Gdm: (515) 334-4900. © 2022 Des Moines Multiple Listing Service.
© 2022 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pennie Carroll & Associates. Data last updated: 2022-10-05T00:22:01.06.
 
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Pennie Carroll & Associates
3232 Hubbell Ave
Des Moines IA, 50317