Properties

Russ McCullough

1231 N DAKOTA AVENUE
Ames, IA 50014
Listing Agent:  Russ McCullough
Ph:  515-232-6175 Cell:  515-441-2056
TF:  800.681.7333 Fax:  515-598-9101
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29624  

/ Month *

$595,000.00
MLS Number: 29624
Property Type: Multifamily
Address: 1231 N DAKOTA AVENUE
City: Ames
Zip: 50014
Year Built: 1976
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Cap rate 8.11%. Cash on Cash=9.24% See proforma financial & call Russ for details, 515-441-2056. 11 2bds and 1 1 bd for 12 total. Sale excludes west 7000 sf grass area.  

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Property Details

EXPENSES

$27,332

NET INCOME

$48,250

TENANT PAYS

Water, Heat, Electric

OWNER PAYS

Snow Removal, Lawn Care, Trash, Cable

GROSS INCOME

$75,582

*Monthly payments are estimates based on current market rates for a 30-year fixed mortgage with 20% down and 5.5% interest.
All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.