What a LOCATION! Lincoln Way and S. Hyland Ave. Only a 10 minute walk to Central Campus. Seize the opportunity to own one of the most desirable street corners remaining for future development in Campustown. This conjoined portfolio of ACTIVE rental properties comprises nearly a half acre of development potential at 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. The 3 existing rental houses boast $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 good through December 2023. All 3 parcels are offered as one sale.
*This Payment Calculator is intended for educational and planning purposes only. **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's use.
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.