219 Franklin Avenue, Ames, IA 50014

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$282,500

bedrooms

bathrooms

square feet

1,157

Acreage

0.22

Open Houses

year built

1929

Full Baths

Half Baths

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A rare investment opportunity to own a 4 bedroom, 3 bathroom home in Ames, Iowa in a prime location for rental property ownership, just a short walk from Iowa State University. With spacious bedrooms, hardwood floors on the main level, and stainless steel appliances, the home is both functional and low-maintenance. Recent updates include new siding, roof, and vinyl windows, along with a 2021 HVAC system, providing peace of mind for years to come. Outside, enjoy a large yard and a detached one-stall garage. The property is currently leased through July 2026, with a rent increase already signed for the upcoming lease term, offering consistent cash flow from day one. A newly renewed Letter of Compliance is already in the works. Properties of this size and condition near campus are rare--this is a great long-term hold in an area with strong rental demand!

Location
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County	Story
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 66806

Listing agent: Real Estate Team, Jennings #S39814

Listing broker: Re/Max Real Estate Center 2324663

Copyright © 2025 Central Iowa Board of Realtors, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, April 7 2025 at 5:39 p.m. EDT

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