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2279 E 190th St
Ames, IA 50010

Hickory Grove Court · Multifamily Property For Sale · 25,500 SF

PROPERTY FACTS

No. Units 34
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 10.70 AC
Building Size 25,500 SF
Average Occupancy 100%
No. Stories 1
Year Built 1957
Parking Ratio 2.23/1,000 SF

About 2279 E 190th St , Ames, IA 50010

Hickory Grove Court has a total of 34 Mobile Home Spaces. The property is located in the Ames, Iowa marketplace within the Greater Ames Metro Area and Story County. Situated on 11+ Acres and located on 190th Street; the property provides convenience access to Interstate 35, shopping and retail within two miles, and only minutes from downtown Ames, which has an unemployment rate of 1.4% - the lowest in the nation. This rare opportunity to acquire a property in a major college town with income upside in a marketplace that can solidly support future performance projections. Hickory Grove is only 40 minutes from the Des Moines International Airport, which has nonstop flights to two dozen destinations, and direct flights to hundreds more. All lots are individually metered for Water, Gas and Electric, and the community has significant upside on rents, which should allow for an 8.4% Cap Rate at Market Rents.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-18-300-350
Land Assessment
$804,100
Improvements Assessment
$227,100
Total Assessment
$1,031,200

zoning

Zoning Code A-1-Agricultural
A-1-Agricultural
  • Listing ID: 17064311

  • Date on Market: 8/29/2019

  • Last Updated:

  • Address: 2279 E 190th St, Ames, IA 50010

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