Description
Great income producing duplex backing to Franklin Park and located just south of West HyVee and within walking distance of Iowa State University Campus. Large lot with space for future garages to be built. Efficient, well cared since 2016 by owner-managed landlord who has made many upgrades over the years including new trim, doors, flooring, mechanicals, etc. Full unfinished basements are great for tenant storage needs and could be finished for added bedroom and living spaces to increase rent income. Current Letter of Compliance with the City of Ames and leases secured or renewed for the upcoming 8/1/26-7/31/27 lease cycle. This building is being sold as a portfolio sale including 4 total duplexes (3517/3519 Tripp St, 3523/3525 Tripp St, 3531/3533 Tripp St, and 3542/3544 Tripp St) and will not be split or sold separately.
Details
| MLS # | 70567 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 60 |
| Listing Provided By | CENTURY 21 SIGNATURE-Ames | Jared Van Cleave |
Features
| SQ Feet | 1,440 |
|---|---|
| Basement | Y |
| Story(s) | 1 |
| Units | 2 |
| Zoning | RL |
| Acreage | 0.27 |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Central Air |
| Cooling Yes / No | Yes |
Exterior
| Foundation Details | Block |
|---|---|
| Architectural Style | Ranch |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|---|
| Water Source | Public |
Taxes
| Tax Legal Description | WEST CAMPUS VILLAGE ADD LOT 5 & W30' LOT 6 |
|---|---|
| Tax Assessed Value | 234700 |
| Tax Annual Amount | 2934 |
Area Information
| State | IA |
|---|---|
| County | Story |
| City | Ames |
| Zip Code | 50014 |
| Area | Ames NW |
| Subarea | Ames NW |
| School District | Ames |
| High School | Ames |
| Listing VS Median (in 50014) | |
Price: $237,500 low | high Med: $467,450 sqft: 1,440 low | high Med: 2,300 $ / sqft: $165 low | high Med: $203 On site: 60 low | high Med: 80 | |
Market Activity 50014
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Learn More About This Property
| State | IA |
|---|---|
| County | Story |
| City | Ames |
| Zip Code | 50014 |
| Area | Ames NW |
| Subarea | Ames NW |
| School District | Ames |
| High School | Ames |
| Listing VS Median (in 50014) | |
Price: $237,500 low | high Med: $467,450 sqft: 1,440 low | high Med: 2,300 $ / sqft: $165 low | high Med: $203 On site: 60 low | high Med: 80 | |
