Properties

Russ McCullough

209 N Hyland 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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29355  

/ Month *

$399,000.00
MLS Number: 29355
Property Type: Multifamily
Address: 209 N Hyland AVENUE
City: Ames
Zip: 50014
Year Built: 1915
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Cap rate=10.27%, cash on cash=17.87%- see proforma & call Russ 515-441-2056. Well cared for 9 units 1 block from ISU Campus. Large 2 bdrm units are easy renters. Seller is a Licensed Real Estate Agent.  

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Property Details

EXPENSES

$20,788

NET INCOME

$40,962

TENANT PAYS

Electric

OWNER PAYS

Snow Removal, Lawn Care, Water, Trash, Heat, Cable

GROSS INCOME

$61,750

*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.