Description

The KataLYST Team as part of KW Commercial is pleased to market for sale this fourplex conveniently located in Ames, IA. Current ownership has completed many capital improvements including; new roof, updated parking lot, renovation of units, renovation of common areas, and replacement of appliances. Additionally, the units feature concrete floors or LVP for less maintenance and ownership is only responsible for water/sewer, trash, and common area electric.

Details

Address: 4719 Toronto St
City & State: Ames, IA
Current Price: $342,500
Lot Size: 0.250 Acres
Cap Rate: 5.27%

Property Highlights

• New roof, updated parking, renovated units
• Concrete floors or LVP for easy maintenance
• Responsible only for water/sewer, trash, and common area electric
• Close to Iowa State University and growing metro area
• Competitve CAP rate of 5.27%

Sale Price: $342,000
Building Size: 2,994 SF
Price / SF: $114.40