Investment Property for Sale - Rented Through July 2027
This is a fantastic opportunity for investors seeking a turnkey rental property with strong cash flow. This 5-bedroom, 2-bathroom house is located just west of campus and is currently rented through July 2027, providing immediate and stable income. The current rent is $2,400 per month, increasing to $2,650 on August 1st.
Key Features:
• Location: Ideally situated just west of campus, this property is a highly desirable rental for students and faculty, ensuring consistent tenant demand.
• Layout: The main floor features three bedrooms, a recently updated eat-in kitchen with ample storage, and a large living room. The lower level includes two additional oversized bedrooms, a second full bathroom, and plenty of storage space.
• Updates: Significant recent updates have been completed, including the roof, siding, gutters, gutter guards, and windows, minimizing future maintenance costs for the new owner.
• Amenities: The property includes all appliances, including a washer and dryer. It also features a large, fenced-in yard, a one-car attached garage, and a one-car detached garage.
• Tenant Responsibilities: Tenants are responsible for all utilities and snow removal, while the owners provide lawn care service. This arrangement simplifies property management.
This property is a solid, low-effort investment. Don't miss this opportunity to acquire a well-maintained, cash-flowing asset in a prime location.
For sale by owner
$312,500
4114 Aplin Rd, Ames, IA 50014
5beds
2baths
1,750sqft
Est.:
SingleFamily
Built in 1960
10,672 Square Feet Lot
$257,300 Zestimate®
$179/sqft
$-- HOA
What's special
One-car detached garagePlenty of storage spaceRecently updated eat-in kitchenOne-car attached garageLarge fenced-in yard
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