Multi-Family Properties for Sale in Ames, Iowa - Apartment Buildings for Sale | Friedrich Iowa Realty


532 5th Street, Boone, IA 50036


estimated mortgage

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Amazing transformation from a 7-apartment building to now 8 apartments increasing the potential for your investment. This is being offered at $50K per apartment and is comprised of 6 one bedroom/ 1 bath apartments and 2 two bedroom / 1 bath apartments. This cash-flowing asset features newly updated roof in 2021, new plumbing in 2022, all new interior paint, LVP flooring, and new tenants. New gutters are being added currently. Renovations are continuing to make ready for new tenants. Each unit has its own gas and electric meters that are paid by the residents. The landlords pay for water and garbage. There are opportunities to install washers and dryers for extra profits. Residents enjoy the nearby proximity to the high school, downtown and the city of Ames. This is a must see. Pro Forma gross rents are $4,800 a month.

Listing courtesy of

Keller Willams GDM

MLS #:


Year Built:


Total Living Space:

5661 SqFeet

Lot Size:

0.12 Acres

Total Living Space:

5661 SqFeet

Interior Features:

Storage Units




Brick,Concrete Block

Heat Type:

Forced Air, Natural Gas

Cool Type:

Window Unit

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.

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