$1,275,000
Estimated Payment$6,022/mo
Multi-Family For Sale

2812 Lincoln Way, Ames, IA 50014

4,853Sq. Ft.
Multi-Family Home In State Ave

Prime Investment Location! Lincoln Way and S. Hyland Ave. in Campustown, Ames. Only a 10 minute walk to Central Campus. Seize the opportunity to own one of the most desirable street corners remaining for future development This conjoined portfolio of Active rental properties comprises nearly a half acre of development potential at the Southwest corner of Lincoln Way and South Hyland Ave. This ''L'' shaped assemblage of properties secures approximately 185' of street frontage on Lincoln Way, nearly 175' on S. Hyland Ave. The 3 existing rental houses boast $8,350 per month on leases already in place through July 2023. Subsidize your investment with robust rental revenue while you plan future development, or just secure this high-demand location in your portfolio for any number of future investment ventures. All 3 homes included in the sale have current Certificates of Rental Compliance with the City of Ames good through December 2023 and 2024. All 3 parcels are offered as one sale.

2812 Lincoln Way is a multi family-home located in Story, the 50014 ZIP Code, and the Edwards Elementary School, Ames Middle School, and Ames High School attendance zones.

Schedule a Tour
2812 Lincoln Way
May22
May23
May24
May25
May26
May27
May28
May29
May30
May31
June1
June2
June3
June4
June5
June6
June7
June8
June9
June10
June11
Location
2812 Lincoln Way Ames, IA 50014
Home Details

MLS Details

General

  • Days on Homes.com: 7
  • MLS Number: 60096
  • Listed: 5/14/2022
  • Last Updated: 5/21/2022
  • Offered By: Re/Max Real Estate Center
  • Listing Source: Re/Max
Monthly Payment Calculator

$6,022

Estimated Mortgage
Principal & Interest
$4,300
Insurance
$446
Taxes
$1,275
Mortgage Insurance
$0
i
Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
i
If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
Nearby Schools
School data provided by GreatSchools
i
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
Points of Interest

Colleges

Distance
  • Iowa State University
    1.4 mi

Military Bases

Distance
  • Camp Dodge
    27.6 mi

Parks and Recreation

Distance
  • Reiman Gardens
    1.6 mi

Shopping Centers

Distance
  • Ames Plaza
    0.7 mi
  • Dakota Crossing
    2.1 mi
  • Main Street Station
    2.2 mi
Compare Similar Homes
$1,275,000
$262/Sq. Ft.
Bedrooms not available
Bathrooms not available
4,853 Sq. Ft.
Lot Size not available
Built 1922
$1,199,500
$450/Sq. Ft.
4 Bedrooms
5 Bathrooms
2,665 Sq. Ft.
1.8 Acre(s)
Built 2016
Listing Agent
Ralph Ring
RE/MAX Real Estate Center
Ames, IA
Continue Your Search
Visit Site Source

$1,275,000

4,853 Sq. Ft.

2812 Lincoln Way

Ames, IA 50014

Ralph Ring
RE/MAX Real Estate Center