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2001/2003 Melrose Avenue, Ames, IA 50010

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For Sale

$315,000

0.21 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

Prime Investment Opportunity - Updated Side-by-Side Duplex!Attention investors, parent investors, and house hackers! This rare, well-maintained side-by-side duplex is perfectly situated in a predominantly residential neighborhood and is move-in ready. A fantastic opportunity, this property offers a 3-bed, 2-bath unit on one side and a 2-bed, 1-bath unit on the other--both extensively updated to maximize appeal and rental potential.Recent upgrades include remodeled bathrooms, luxury vinyl plank (LVP) flooring, new carpet, refinished hardwood floors, fresh interior paint, stainless steel appliances, and more! Key system updates include a new roof (2018) and AC units (2017 & 2020). A full list of renovations is available upon request.This clean, turn-key duplex is ready for tenants of your choosing, with all necessary updates for a Letter of Compliance (LOC) to be completed before closing. Conveniently located just blocks from Fellows Elementary and Ames High School, with a CyRide stop right outside the front door, this property offers both accessibility and desirability.Don't miss out--schedule your showing today!
MLS# 66762

Courtesy Of RE/MAX REAL ESTATE CENTER

2324663

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Floor Covering
    Carpet, Concrete, Hardwood, Vinyl
  • Heating System
    Forced Air
  • Lot Size
    0.21 Acres

Map and Directions

Directions to 2001/2003 Melrose Avenue, Ames, IA 50010

Home seller CENTURY 21 Signature Real Estate

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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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. Information being provided is 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. Information being provided is 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 powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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