JT Patel

A renovation/investment opportunity close to downtown Ames, Iowa, near the Ames Public Library, the Main Street farmers market, restaurants, and local shops. The home has nearly 1,400 sq ft above grade plus a lower level, and a charming front porch that sets it apart on the street. The interior of the home is down to the studs and ready for reconstruction. The big-ticket items are already done: the roof is approximately one year old, and the HVAC system was tested and found to be working properly. With the walls open, the next owner can redesign the layout without paying for demolition first. The previous kitchen area is a natural place to add a second bathroom, creating a potential 3 bedroom, 2 bathroom layout. It's a strong fit for investors looking for a fix and flip or rental near downtown Ames, or for a buyer who wants to renovate to their own taste. Sold as-is. The property is not expected to qualify for conventional financing, so cash or renovation/rehab financing only. Buyers should verify all information and renovation plans.

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.