Properties

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.

Monthly payments are estimates based on current market rates for a 30-year fixed mortgage with 20% down and 5.0% interest. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.