103 S Hyland Avenue $1,450,000

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    103 S Hyland Avenue Ames, IA 50010

    • 5 Beds
    • 1 Baths
    • 1,681 sq. ft.
    • Single Family
    • MLS# 56861
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    Views: 1150 Days On Site: 50

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    Property Details

    Description Tours

    Investment Alert! Seize this rare opportunity to own one of the most desirable street corners remaining for development in Campustown. It's all about LOCATION! Only a 10 minute walk to Central Campus, this conjoined portfolio of rental properties comprises the Southwest corner of Lincoln Way and South Hyland Ave. This ''L'' shaped assemblage of properties secures approximately 185' of street frontage on Lincoln Way, nearly 175' on S. Hyland Ave., combining for nearly a half-acre of future development potential. The 3 rental houses boast $8,050 per month on current leases, with revenues rising to $8,250 per month on leases already in place for August 2021. Subsidize your investment with robust rental revenue while you plan future development, or just secure this high-demand location in your portfolio for any number of future investment ventures. All 3 homes included in the sale have current Certificates of Rental Compliance with the City of Ames. All 3 parcels are offered as one sale. Seller is not likely to consider offers on any one of the three properties.

    • General Features
      • Year Built 1895
    • Building Features
      • Architectural Style 2 Story
      • Appliances Range, Refrigerator
      • Basement Full, Partial
      • Bedrooms 5
      • Bathrooms 1.00
      • Heating Forced Air, Natural Gas
      • Full Baths 1
      • Features Storage Shed
      • Floor Carpet, Laminate
      • Foundation Brick
      • Garage Type None
    • Property Features
      • No. of Acres 0.46
      • Exterior Other, Vinyl, Wood
      • Terrain Level, Rolling
      • Water Public
      • Water Heater Gas
    • Schools
      • Schools Ames

    Contact

    Ralph Ring

    Ralph Ring

    Sales Associate

    Iowa

    RE/MAX REAL ESTATE CENTER

    Direct: 515-357-8296

    Neighborhood

    50010 (Ames) Demographics

    29 Median Age
    538 Population Density (per sq. mile)
    67% College Educated
    $49,422 Estimated Median Income
    7,145 Estimated Total Home Owners
    6,827 Estimated Total Renters
    51% / 49% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    32,111 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $355,500 Median Sales Price
    2 Homes Sold
    33 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,450,000
        2/25/2021 9:47:00 AM New in Database Source New Value: $1,450,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.