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532 5th Street

Boone, IA 50036
  • $350,000
  • STATUS: Active
  • ON SITE: 220 Days
  • MLS #: 671971
UPDATED: 36 min ago
$350,000
  • 10
    BEDS
  • 0.12
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

School District:

Description

UPDATED Price. $350,000. Amazing transformation from a 7-apartment building to now 8 apartments increasing the potential for your investment. This 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 2023. No hassle if out of state. This is currently being managed by Gemstone Property Management. 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 newly installed 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.

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© 2023 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kooyman Real Estate Team | Coldwell Banker Mid-America. Data last updated: 2023-12-04T13:22:06.02.
www.kooymanrealestateteam.com/homes/138943718
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532 5th Street Boone, IA 50036

  • Price: $350,000
  • Status: Active
  • On Site: 220 Days
  • Updated: 36 min ago
  • MLS #: 671971
10
Beds
8
Baths
0
½ Baths
0.12
Acres
1920
Built
Neighborhood:
Boone
County:
Boone
Area:
Boone
School District:
Boone
Property Description
UPDATED Price. $350,000. Amazing transformation from a 7-apartment building to now 8 apartments increasing the potential for your investment. This 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 2023. No hassle if out of state. This is currently being managed by Gemstone Property Management. 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 newly installed 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.
Exterior Features

Architectural Style Three Story Construction Materials Brick Stucco Foundation Details Block Levels Three Or More Road Surface Type Asphalt Roof Asphalt Shingle

Interior Features

Appliances Cooktop Dryer Refrigerator Stove Washer Basement Partial Basement YN Yes Cooling Window Units Cooling YN Yes Flooring Tile Heating Electric Forced Air Gas Heating YN Yes

Property Features

Association Fee Includes Maintenance Grounds Snow Removal Taxes Trash Community Features Laundry Facilities Storage Facilities Sidewalks Gross Income 5250 Lease Considered YN No Listing Terms Cash Conventional Lot Size Dimensions 45x120 Operating Expense 2050 Owner Pays Insurance Taxes Water Security Features Fire Alarm Smoke Detectors Sewer Public Sewer Tax Annual Amount 3889.78 Tax Year 2023 Tenant Pays Electricity Gas Insurance Utilities Electricity Available Natural Gas Available Water Available Water Source Public Zoning Res

Listing provided courtesy of Keller Williams Realty Gdm: (515) 334-4900. © 2023 Des Moines Multiple Listing Service.
© 2023 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kooyman Real Estate Team | Coldwell Banker Mid-America. Data last updated: 2023-12-04T13:22:06.02.
 
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Kooyman Real Estate Team | Coldwell Banker Mid-America
1003 8th St. SW #2350
Altoona IA, 50009